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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
Dated December 19, 2002
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 19, 2002
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Commission File Number 001-15244
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CREDIT SUISSE GROUP
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(Translation of registrant's name into English)
Paradeplatz 8, P.O. Box 1, CH-8070 Zurich, Switzerland
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F
Form 20-F /X/ Form 40-F / /
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Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1):
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Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to
security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7):
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Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the
registrant foreign private issuer must furnish and make public under the laws
of the jurisdiction in which the registrant is incorporated, domiciled or
legally organized (the registrant's "home country"), or under the rules of
the home country exchange on which the registrant's securities are traded, as
long as the report or other document is not a press release, is not required
to be and has not been distributed to the registrant's security holders, and,
if discussing a material event, has already been the subject of a Form 6-K
submission or other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes / / No /X/
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If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-
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[CREDIT SUISSE/FIRST BOSTON LOGO]
Corporate Communications
CREDIT SUISSE FIRST BOSTON
One Cabot Square
London E14 4QJ
FOR IMMEDIATE RELEASE
CSFB REACHES AGREEMENT WITH THE UK'S FINANCIAL SERVICES AUTHORITY
RELATING TO CSFP'S ACTIVITIES IN JAPAN IN 1995-1998
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LONDON, DECEMBER 19, 2002 - Credit Suisse First Boston has reached an agreement
with the UK's Financial Services Authority (FSA) resolving the FSA's
investigation into Credit Suisse Financial Product's activities in Japan from
1995-1998. The FSA found that Credit Suisse Financial Products violated certain
UK regulatory rules. CSFB has accepted these findings and agreed to pay a fine.
As CSFB has previously acknowledged, certain former employees failed to act in
an open and cooperative manner towards the Japanese authorities. The actions of
these former employees were an aberration and contrary to the high standards
expected of them by the Firm. The individuals concerned are no longer with the
Firm.
As the FSA acknowledged in its statement today, the extensive organizational,
personnel and structural changes implemented by CSFB's new management have
significantly improved the Firm's controls and compliance culture. CSFB takes
its regulatory responsibilities very seriously and will not tolerate improper
behaviour by its employees in their dealings with the Firm's regulators.
Gary Lynch, Vice Chairman and General Counsel of CSFB, said, "We are pleased to
resolve this matter and put it behind us. During the past eighteen months, CSFB
has focused on establishing a strong control-oriented franchise with a
compliance program that reflects the best practices in the industry. We are
working to build a Firm-wide culture that demands the highest ethical and
professional standards of all of our employees."
Credit Suisse Group, which has been operating in Japan for more than twenty
years, remains committed to the Japanese market.
# # #
Credit Suisse First Boston (CSFB) is a leading global investment bank serving
institutional, corporate, government and individual clients. CSFB's businesses
include securities underwriting, sales and trading, investment banking, private
equity, financial advisory services, investment research, venture capital,
correspondent brokerage services and asset management. CSFB operates in 77
locations in 36 countries across six continents. The Firm is a business unit of
the Zurich-based Credit Suisse Group, a leading global financial services
company. For more information on Credit Suisse First Boston, please visit our
Web site at http://www.csfb.com.
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Press Contact: Gavin Sullivan CSFB - London Office: 44 20 7888-8911
Tom Grimmer CSFB - Hong Kong Office: 852-2101-6140
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CREDIT SUISSE GROUP
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(Registrant)
Date December 19, 2002 By: /s/ David Frick
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(Signature)*
Managing Director
*Print the name and title of the signing
officer under his signature. /s/ Karin Rhomberg Hug
Managing Director
3