Ahead of its annual general meeting at the end of April, Credit Suisse replied to questions by shareholder proxy advisor Ethos in relation to Greensill.
Credit Suisse published comments to shareholder representatives on topics around its business relationship with Greensill Capital, including the structure of the supply chain funds and due diligence reviews on its website Monday (Agenda item 8).
A large part of the questions and answers relate to the insurance coverage of the funds.
The bank's executive board was «extremely surprised» on hearing only six days before the event that the insurance coverage provided by Tokio Marine to protect the funds against credit risk was due to expire, the statement says.
More to follow
