1. How an international institute that once was brand of Switzerland, the reliable trustworthy Banking industry of the world, collapse?
a) How the Union Bank of Switzerland along with other controlling Authority FINMA ( Swiss Financial Market Supervisory Authority) failed to evaluate such tremendous collapse?
b) Just a month before the collapse, UBS. issued the stress test report that indicates the good financial health of the Bank with $50 Billion equity, how is it that just a month later, CS bid amount was just $3 Billion?
2. Switzerland has loose control, or advocate of deregulation or privacy of accounts holders, is it good strategy to grant such freedom to such big Managers especially in perspective of 2008 global financial crisis?
