Switzerland’s parliament decided to “hear the main players” on the government-brokered acquisition by UBS Group AG of Credit Suisse Group AG in May.
(Bloomberg) — Switzerland’s parliament decided to “hear the main players” on the government-brokered acquisition by UBS Group AG of Credit Suisse Group AG in May.
The oversight committees of the two chambers of parliament will hold joint sessions on May 8-9 and 15-16, and will query the heads of the finance and justice ministries and the financial-markets watchdog Finma and the Swiss National Bank, according to a statement Friday.
“The main question is whether the actions of the federal authorities were lawful, appropriate and effective,” the upper house said in the statement.
More stories like this are available on bloomberg.com
©2023 Bloomberg L.P.