The collapse of the supply chain finance company, Greensill Capital, in March 2021 continues to throw new light on the companies with which it was associated. Chief of these is Credit Suisse, which purchased packages of supposedly high quality, low risk debt from Greensill over several years, and sold these on to investors. Shortly after Greensill imploded, the Swiss financial regulator, FINMA, began an investigation into Credit Suisse’s activities and its relationship with Greensill. Two years on, the regulator has issued a damning report on the bank, saying that Credit Suisse had seriously breached Swiss supervisory law.
