The Swiss parliament has issued a strong critique of the former leadership of Switzerland's financial regulator, Finma, following a detailed inquiry into the collapse of Credit Suisse last year. The inquiry highlighted 'years of mismanagement' at Credit Suisse and pointed to ineffective regulation by Finma. In response to the collapse, Switzerland is moving to strengthen its financial regulation, with lawmakers proposing over 30 reforms for bank oversight. Finma has acknowledged the criticism and supports proposed expansions of its authority, aiming to bolster supervision and apply lessons learned from the Credit Suisse incident.