Credit Suisse Adds Two New Board Members in Risk Team Revamp

The video discusses Credit Suisse's efforts to revamp its risk management under Chairman Antonio Rosario. Key personnel changes include hiring Axel Lehmann and others from rival banks. Despite these efforts, challenges remain, such as filling the Chief Compliance Officer position and addressing potential litigation and regulatory issues. The bank is still awaiting a strategic update from the chairman.

What is the significance of the Chief Compliance Officer position in the context of the text?

What potential risks does Credit Suisse still face according to the text?