Switzerland's financial regulator was ineffective in tackling the scandals at Credit Suisse, where executive mismanagement scuppered the bank and nearly triggered a global financial crisis, a Swiss inquiry concluded Friday.
However, after an 18-month investigation raking over the dramatic collapse of one of the world's biggest banks, the rarely-used parliamentary commission of inquiry found no evidence that the implosion of Credit Suisse was caused by misconduct on the part of the authorities.
