Investment news

Swiss supervisor defends AT1 write-offs at Credit Suisse

Zurich's Paradeplatz, home to both UBS and Credit Suisse. Photo via Unsplash CC-BY-2.0

Switzerland’s financial markets supervisor is defending its decision to force a 16 billion Swiss franc (16 billion euro) write-off in Credit Suisse debt securities that were designed to function as a shock absorber in case of a major financial event.

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