Ex-security chief at Credit Suisse targeted in Swiss regulator investigation by Reuters – News Couple

Ex-security chief at Credit Suisse targeted in Swiss regulator investigation by Reuters

© Reuters. FILE PHOTO: The national flag of Switzerland flies over the Swiss bank Credit Suisse logo at its headquarters in Zurich, Switzerland on April 18, 2021. REUTERS/Arnd Wegmann/File Photo

ZURICH (Reuters) – Swiss credit A lawyer told Reuters on Sunday that the former head of SIX’s global security services is one of three people targeted in a new investigation announced by the Swiss financial markets watchdog FINMA last week following an espionage case at the bank.

Zurich-based lawyer Andreas Josephson confirmed that his client was one of three individuals targeted by the proceedings, speaking on the condition that his client not be named.

The Swiss newspaper NZZ am Sonntag was the first to report that the former head of the security services had been targeted for investigation.

Credit Suisse could not be reached for comment.

FINMA said last Tuesday it had found “serious regulatory deficiencies” surrounding how the bank managed and controlled the oversight of some senior executives and former employees between 2016 and 2019 in its now-defunct proceedings against the bank.

It opened an investigation looking into the knowledge and behavior of three unnamed individuals to determine their responsibility in the context of violations of the Swiss bank’s specific FINMA oversight law.

In October 2019, the bank’s chief operating officer at the time, Pierre-Olivier Pouille, and the head of the global security services resigned over a snooping case that eventually also led to the departure of former CEO Tijan Thiam.

Disclaimer: Fusion Media I would like to remind you that the data on this website is not necessarily current or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges but by market makers, and therefore prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for trading purposes. Therefore Fusion Media assumes no responsibility for any business losses you may incur as a result of using this data.

Fusion Media or any person involved with Fusion Media shall have no liability for loss or damage as a result of reliance on the information including statements, quotes, charts and buy/sell signals contained within this website. Please be fully aware of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investment.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button