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An Analysis of the Collapse of Credit Suisse: Historical Context, Underlying Causes, and Risk Management Strategies

Jingyang Li

Abstract


This paper not only discusses the circumstances of the collapse of Credit Suisse, but also deeply explores how and why Credit
Suisse collapsed step by step based on the historical background and the relationship between Credit Suisse and the Swiss government, and
finally gives the corresponding risk management strategy.

Keywords


Risk Management; Credit Suisse; Operational Risk

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References


[1] Nathan Reiff. (2023). What Happened at Credit Suisse, and Why Did It Collapse? What Happened at Credit Suisse, and Why Did It Collapse? (investopedia.com)

[2] Financial Stability Board. (2022). 2022 List of Global Systemically Important Banks (G-SIBs) 2022 List of Global Systemically Important Banks (G-SIBs) - Financial Stability Board (fsb.org)

[3] Daily Mail City & Finance Report. (2023). Saudi banking boss, whose 'absolutely not' to Credit Suisse shares comment helped tip lender

over the edge, quits. Saudi banking boss quits after 'absolutely not' Credit Suisse comment | This is Money

[4] Guex, Sbastien. The Origins of the Swiss Banking Secrecy Law and Its Repercussions for Swiss Federal Policy. The Business History Review 74, no. 2 (2000): 23766.

[5] League Tables. (2023). League Tables Investment Banking Review FT.com

[6] Credit Suisse Group AG (CS). CS 0.8858 0 0.00%: Credit Suisse GroupAG - MSN Money

[7] Credit Suisse Group AG. What is FATCA? FATCA(credit-suisse.com)

[8] Will Kenton. (2024)Foreign Account Tax Compliance Act (FATCA): Definition and Rules. Foreign Account Tax Compliance Act (FATCA): Definition and Rules (investopedia.com)

[9] Aaron Patrick. (2023) An elite banker set Credit Suisse on the path to failure. Credit Suisse UBS deal: Elite banker Tidjane Thiam set

bank on a path to destruction (afr.com)

[10] Julia Kollewe. (2023) Credit Suisse seriously breached obligations on Greensill, says regulator. Credit Suisse seriously breached obligations on Greensill, says regulator | Credit Suisse | The Guardian


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