Credit score Suisse mentioned it had recognized “materials weaknesses” in its inside controls over monetary reporting, because the financial institution printed its delayed annual report.

The Swiss financial institution had been compelled to push again the publication of the report final week after receiving a last-minute name from the US Securities and Trade Fee regarding money move statements going again three years, which it described as a “technical situation”.

Publishing the delayed report on Tuesday, Credit score Suisse mentioned that “administration didn’t design and preserve an efficient danger evaluation course of to determine and analyse the chance of fabric misstatements in its monetary statements.”

The financial institution mentioned its full yr 2022 outcomes — when it reported its greatest annual loss because the monetary disaster — have been unaffected.