Credit Suisse continued to pay out hefty bonuses to staff, even in the wake of steep losses, misconduct or inappropriate risk-taking, according to a sweeping report from the Swiss regulator that calls for more powers after the collapse of one of the country's largest banks in March.

Credit Suisse paid out 33bn Swiss francs ($38bn) in bonuses to staff over the last 10 years despite making a cumulative loss of CHF2.1bn, the report by Finma said, with financial performance having very little impact on how the bank paid its employees.