Swiss political party demands more transparency on Credit Suisse crisis

Switzerland's second largest political party on Thursday called for more transparency around how Credit Suisse's crisis came about and demanded those responsible be held accountable.

"We could have seen this coming," said Cederic Wermuth, the co-president of the Social Democrats at a conference. "We demand that those responsible really be held accountable."

The political party said it agreed with the Swiss National Bank's decision to step in, but said it wants the public sector to be compensated for the risk.