KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
A landmark inquiry into Credit Suisse's collapse has criticized Switzerland's financial regulator Finma for granting inappropriate capital relief in 2017, which masked the bank's deteriorating condition and delayed corrective measures. The inquiry has prompted calls for stronger regulatory powers and reforms in Switzerland's financial system. Key Findings from the Parliamentary Report 1. Finma's Role and Failures Regulatory Filter Misstep : Finma allowed Credit Suisse to report stronger capital levels through a regulatory filter, which obscured the bank's precarious financial state. This concession was deemed legally sound but inappropriate and contributed to the bank's ultimate collapse. Ineffective Oversight : Finma failed to enforce corrective measures despite identifying multiple deficiencies at Credit Suisse over the years. 2. Broader Systemic Issues Government Delays : The Swiss government took too long to implement reforms from the 2008 financi...