• Paul Tucker


Autumn 2023, Paper: "This report has been commissioned as part of the efforts of the Swiss government to learn lessons for its banking regime from the failure and rescue of the Credit Suisse group in March 2023. The mandate was not to investigate, with complete access to private information, the precise circumstances and timeline of the bank's failure and rescue. Rather, it addresses the design and application of lender of last resort (LOLR) policies and operations in general and for Switzerland, and aims to do so in ways that might be useful to those who know why they acted and communicated as they did."