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On an interim basis, his deputy Birgit Rutishauser will take over the business from 1 October, the Financial Markets Authority said on Wednesday. The Board of Directors initiated the process for change. After the takeover of Credit Suisse by UBS, Rutishauser will also be present in Angehrn for a regular handover and follow-up.
Angehrn took over the role of director of the supervisory authority in November 2021. He and his team, in close coordination with the Ministry of Finance and the Swiss National Bank (SNB), played a key role in overcoming the crisis surrounding Credit Suisse – the biggest challenge in Finma’s history, they say.
Criticism of Finma after CS’ collapse
Angehrn could be quoted as saying that “high and persistent exposure” has health consequences. “I thought carefully about my decision and now I’ve decided to resign.”
Finma has faced constant criticism, including numerous complaints at Credit Suisse that recently led to the collapse of the traditional bank. (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
