The Strategist

Switzerland to classify results of Credit Suisse investigation for 50 years

07/17/2023 - 09:23

The typical classification period for these records is 30 years, but in this case the MPs decided it was important to extend it in order to "ensure proper confidentiality," according to Reuters.

Ank Kumar
Ank Kumar
The Swiss Parliament's Investigation Commission, which was in charge of looking into how the bank Credit Suisse failed, made the decision to keep information about its findings under wraps for 50 years, Reuters reported based on information found in the commission’s document.

It references a passage from the lawmakers' communication strategy that states, "After the investigation is finished, the materials on it will be transferred to the Federal Archive, where they will be kept under protection for a period of 50 years."

The typical classification period for such documents is 30 years, but the MPs thought it was necessary to extend the classification period in this case in order to "ensure proper confidentiality". Additionally, people who have been questioned as part of the investigation must agree not to reveal the details of the questions that were put to them.