The Swiss parliament announced on Wednesday the appointment of 14 members of a special commission that will analyze the collapse of Credit Suisse and its subsequent bailout designed by the Swiss authorities, Reuters reports.

The appointments, made by the bureaus of the lower and upper houses of the Swiss parliament, are one of the final steps needed for the panel to begin the investigation, and its exact mandate is yet to be determined.

It is only the fifth such commission in Switzerland’s modern history, after two subcommittees decided last month to launch a deeper investigation into how the government, the Swiss central bank and the financial market regulator acted in the period before the emergency bailout of Credit Suisse.

As part of the rescue deal, UBS, Switzerland’s number one bank, agreed to buy Credit Suisse, marking the first bailout of a global bank since the 2008 financial crisis.

The government offered financial guarantees worth 109 billion Swiss francs ($120.32 billion) to the banks to facilitate the deal, which sparked a major scandal in Switzerland.

The commission will be chaired by Isabelle Chassault of the centrist Mitte party, and two other members of her party will also participate.

The right-wing Swiss People’s Party (UDC) and the liberal FDP will each have three members, the Social Democrats and the Greens will each have two members, and the Liberal Green Party will have one member each.

The Parliament did not announce when the work of the commission will begin. (news.ro)