Former executives of former flagship bank Credit Suisse (CS) are allowed to keep their bonuses.
Given the current legal situation, the recovery process is unlikely to be successful, the Ministry of Finance told the Keystone-SDA news agency.
The Finance Ministry confirmed a report in the SonntagsZeitung newspaper. The Federal Council concluded this in its report on banking stability. In it, the Federal Council provided an explanation of the legal means available to bring officials of a bank into law retrospectively, the Federal Finance Ministry (EFD) also reports.
legend:
Withdrawing bonuses from directors retroactively – this should be possible in the future if the Federal Council succeeds in achieving its goal.
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Thus, the Federal Council now sees the need to take action on a legal basis: “In particular, instruments should be created that allow bank managers to retrospectively withdraw bonuses that have already been paid in similar cases. With the introduction of the senior managers regime, it should also be They can be clearly identified.
SRF News 4, April 14, 2024, 10:30 a.m.; sda/spic;stahl
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