The British market watchdog, the Financial Conduct Authority (FCA), has placed the bank Credit Suisse on a list of establishments requiring stricter supervision, according to the Financial Times.
The British authority would have explained to Credit Suisse having taken this measure to respond to its concerns about the solutions put in place by the bank to improve its corporate culture and risk control, said the British financial daily Sunday evening, citing in support a letter from this authority dating from mid-May that he consulted.
Contacted by AFP, the British financial authority declined to comment on these revelations. According to the Financial Times, only about 20 banks would be placed on this watch list out of the 60,000 establishments regulated by the FCA.
“We do not comment on our discussions with regulators,” the bank said in an email to AFP. “We are now well advanced in the execution of the plan aimed at strengthening our activities and our culture of risk”, however insisted a spokesperson for the bank, which has launched a reorganization of its activities aimed, among other things, at reducing the wing in investment banking.
The British market surveillance authority, the Financial Conduct Authority (FCA), has placed the bank Credit Suisse on a list of establishments requiring stricter supervision, according to the Financial Times. The British authority would have explained to Credit Suisse that it had taken this step to address its concerns about the solutions put in place by the bank to…