Parliamentary Investigation Commission Report May Come Later Rather Than Sooner

It could take another year before the Parliamentary Investigation Commission report about the Credit Suisse case is released.

The Parliamentary Investigation Commission is to be a comprehensive examination of the emergency takeover of Credit Suisse by UBS and the associated Federal Council decisions. It was initiated at the start of July, and began with the hearings in October.

Confidentiality is extremely important here. Unlike in parliamentary investigation committees in other countries, for instance, it is common practice not even to disclose when the Commission is speaking and to whom.

Report Expected Late 2024

The Parliamentary Investigation Commission was initiated by parliament on July 8th. It comprises fourteen members in total: seven members from the Council of States, and seven from the National Council. Every parliamentary group in the federal parliament is represented in the Parliamentary Investigation Commission.

Now, Parliamentary Investigation Commission president and Fribourg-based Die Mitte politician Isabelle Chassot spoke to «NZZ» (print issue Dec 18) and held out the prospect of the commission report for the end of 2024. According to the schedule of investigation work, the hearings are due to conclude in spring 2024 and the documents are to be evaluated in parallel to this.

In July, Chassot indicated that the final report would be available in «twelve to 15 months». The expectation has now clearly shifted to the higher end of the range.