“Horta-Osorio took over as chairman of Switzerland’s second-biggest lender in April last year, with a mission to clean up its corporate culture. Horta-Osorio, who was found to have committed multiple breaches of Covid-19 quarantine requirements in the U.K. and Switzerland, will be replaced by UBS executive Axel P. Lehmann.”CNBC
January 17, 2022
“I think the job at hand for Credit Suisse (is) … to repair its risk management, to repair its reputation […] can it retain its talent?”
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Reputation is a named peril/hazard for liquidity risk because in banking, reputation and trust are inseparable.
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