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Credit Suisse AT1 write-off order revoked by Swiss court

Published 14/10/2025, 12:54
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Investing.com -- Switzerland’s Federal Administrative Court has revoked the Swiss financial regulator FINMA’s decree that ordered the write-off of Credit Suisse’s Additional Tier 1 (AT1) capital instruments.

The court ruled on Tuesday that the March 2023 order lacked a legal basis. According to the court’s findings, the contractual conditions required for such a write-off had not been met.

The decision also stated that the statutory provisions FINMA had cited to justify its action were either too vague or unconstitutional.

This represents a partial decision in the case and remains subject to appeal. FINMA had issued the write-off order as part of measures taken during Credit Suisse’s financial troubles last year.

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