Credit Suisse Risk Organization Strategic Goals and Performance
Strategic Regulatory Remediation function established to
strengthen delivery against regulatory priorities
Context
Strategic Regulatory Remediation (SRR) function established as
new independent function at Executive Board level in April 2022
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SRR under lead of D. Wildermuth, reporting to T. Gottstein
Regulatory Relations aligned together with SRR
SRR steered by Strategic Regulatory Remediation Committee
Strategic Regulatory Remediation key priorities
SRR's goal is to oversee holistic strategic regulatory remediation
across the bank
Driving and monitoring timely execution
Promotion of risk culture
with proactive and holistic perspective on remediations
Strong Executive Board engagement
in planning and executing remediation efforts
Analysis of root causes & target state aspirations
at the core of all remediation efforts
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Strong Board engagement on SRR activities through frequent
interaction and review of priorities and progress
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Ensuring read-across and sustainability of solutions
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Aiming for "one voice" to regulators
Diligent execution
against clear target states with tight process tracking
Continued proactive communication
with regulators on progress
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Approach structured by themes, owned by Executive Board
members that are accountable sponsors for sustainable
remediations within designated theme
Footnotes are an integral part of this presentation. See slides 62-67 in the appendix of this presentation for detailed information, including
important presentation and other information relating to non-GAAP financial measures, and defined terms.
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