The final report of the parliamentary investigative commission (PUK) concerning the events surrounding Basellandschaftliche Kantonalbank (BLKB) and its former subsidiary Radicant will not be published in December 2026 as originally scheduled. The new target timeframe is the second quarter of 2027.
In an interim report published on Wednesday to the cantonal parliament, the PUK cited several reasons for the delay. Essential documents from BLKB arrived later than planned, which also pushes back the expert report by consulting firm gw&p to the end of December. Additionally, numerous motions from legal representatives of invited individuals required substantial time to process. The Swiss Financial Market Supervisory Authority (Finma) is also conducting its own investigation into Radicant's transaction involving Numarics, and it remains unclear when the PUK will gain access to those findings, which are deemed essential for the final report.
The PUK now plans to conclude its fact-finding in the fourth quarter of 2026, conduct committee deliberations in the first quarter of 2027, and publish the final report in the second quarter. The cantonal parliament is expected to discuss the interim report on November 5.
BLKB launched Radicant in 2022 as a digital financial services provider focusing on personalized financial advice and sustainable solutions. In July 2025, BLKB announced a write-down of 105.5 million francs on Radicant, while its CEO and bank council president announced their resignations following integration issues related to trust services provider Numarics, which Radicant had acquired in 2024. Radicant is no longer active today. The events prompted political consequences in canton Basel-Landschaft, leading the parliament to handle numerous motions and establish the PUK in September 2025.
