CSSF fined the manager of Credit Suisse Greensill funds EUR 250,000 for failures in oversight and valuation
Credit Suisse Fund Management S.A. (Greensill supply chain finance funds) · Fund management (supply chain finance funds)
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Counterparty existence
Checking the receivables would show whether the underlying debtors existed.
Can mislead when: Real companies can be used as pass-throughs. Existence does not prove a real trade, so C6 and C7 still apply.
Third-party confirmation
Confirmations from debtors and insurers would show whether the receivables were real.
Can mislead when: Counterparties can collude or ignore requests. A non-response is logged as a gap, never as a pass.
Ownership / related-party links
Ownership checks would show concentration in groups with a common owner.
Can mislead when: Nominee directors and offshore layers hide links. Name matching throws up false positives, so every flag shows its evidence path.
Governance signals
Governance review would show missing due diligence on the portfolio manager.
Can mislead when: Private companies file late, so these signals are lagging. Kubr uses them to support other flags, not to prove anything alone.
Where Kubr services would have helped
Verified Snapshot
Offered in India- C3 Ownership checks would show concentration in groups with a common owner.
- C4 Checking the receivables would show whether the underlying debtors existed.
- C11 Governance review would show missing due diligence on the portfolio manager.
Financial diligence
Offered in India- C3 Ownership checks would show concentration in groups with a common owner.
- C4 Checking the receivables would show whether the underlying debtors existed.
Legal diligence support
Offered in India- C3 Ownership checks would show concentration in groups with a common owner.
- C11 Governance review would show missing due diligence on the portfolio manager.
Promoter profiles
Offered in India- C3 Ownership checks would show concentration in groups with a common owner.
- C11 Governance review would show missing due diligence on the portfolio manager.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.