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                             October 20, 2022

       Dixit Joshi
       Chief Financial Officer
       Credit Suisse Group AG
       Paradeplatz 8
       8001 Zurich, Switzerland

                                                        Re: Credit Suisse Group
AG
                                                            Form 20-F for the
Fiscal Year Ended December 31, 2021
                                                            Response Dated
August 22, 2022
                                                            File No. 001-15244

       Dear Dixit Joshi:

              We have reviewed your August 22, 2022 response to our comment
letter and have the
       following comments. In some of our comments, we may ask you to provide
us with information
       so we may better understand your disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

              After reviewing your response to these comments, we may have
additional
       comments. Unless we note otherwise, our references to prior comments are
to comments in our
       July 15, 2022 letter.

       Form 20-F for the Fiscal Year Ended December 31, 2021

       Notes to the Consolidated Financial Statements
       Note 1 - Summary of Significant Accounting Policies
       Revisions of Prior Period Financial Statements, page 292

   1.                                                   We note your response
to prior comment 3 relating to the reclassification and other
                                                        changes to the
consolidated statements of cash flows and the related SAB 99 materiality
                                                        analysis provided for
the errors identified. Your response notes that you conducted a
                                                        detailed review of
reporting processes supporting the consolidated cash flow statements in
                                                        the second half of
2021. Explain in more detail the factors driving this review. In
                                                        addition, your response
notes that the review was part of a series of self-identified
                                                        enhancements to the
accounting control environment in recent years. Please tell us
                                                        whether you conducted
detailed reviews of the reporting processes supporting the other
 Dixit Joshi
FirstName   LastNameDixit
Credit Suisse Group AG Joshi
Comapany
October  20,NameCredit
             2022      Suisse Group AG
October
Page  2 20, 2022 Page 2
FirstName LastName
         consolidated financial statements, and, if so, when those reviews were
conducted.
2.       Your response to comment 3 indicates that control deficiencies were
identified where
         inappropriate mapping rules were used and that the automated rules
relating to the share-
         based compensation and cash flow hedges were remediated prior to the
filing of the 2021
         Form 20-F. Please address the items below.
             Clarify whether these control deficiencies were determined to be a
significant
             deficiency.
             Your response indicates that the remediation of the rules relating
to the non-
             functional currency gains and losses is expected to be completed
in 2022. Please
             clarify whether the same control deficiency (deficiencies) was
(were) identified
             related to the non-functional currency gains and losses and/or
whether there were
             additional control deficiencies related to this error.
             As part of your response, explain each of the control deficiencies
in more detail, as
             well as how you concluded that they did not rise to the level of a
material weakness
             given the nature of the control deficiencies (at least several
mapping rule errors) and
             the fact that they led to quantitative errors exceeding 10% of the
respective line items
             for several periods.
3.       In addition to the comments above, please explain in more detail the
nature of the non-
         functional currency gains and losses error, in which you only recorded
the gains and
         losses on a subsection of re-measured assets as a reconciling item
between net income and
         net cash provided by / (used in) operating activities, and why you
believe this change was
         appropriate. By way of example only, your response indicates that
after observing a range
         of practices, you decided to extend the existing processes to include
a broader selection of
         instruments; however, given that there are a range of practices, it is
unclear how you
         concluded that this was the appropriate approach. It is also unclear
why this change
         would only include additional instruments, rather than all
instruments. As part of your
         response, tell us the types of instruments this new practice does not
apply to and why, and
         the presentation used for the remaining instruments.
4.       We note your SAB 99 materiality analysis and the quantitative data
provided in Exhibit A
         as part of your response to comment 3. We also note that you
acknowledge in your
         response that the statement of cash flows errors exceed 5% of the
impacted line items, but
         based on qualitative factors, you do not consider the changes to the
comparative periods to
         be material to users of the financial statements. Please address the
items below.
             Your materiality analysis briefly addresses the qualitative
factors enumerated in SAB
             99, but SAB 99 also states    this is not an exhaustive list of
the circumstances that
             may affect the materiality of a quantitatively small misstatement.
   Tell us whether
             you considered other qualitative factors in concluding that the
errors were not
             material, including any quantitative or qualitative metrics or
disclosures related to
             liquidity and cash flows.
             Your materiality analysis quantifies the impact of the statement
of cash flow errors on
             the years ended December 31, 2020 and 2019. Please tell us how far
you believe the
 Dixit Joshi
Credit Suisse Group AG
October 20, 2022
Page 3
              errors go back and whether you quantified the impact on periods
prior to December
              31, 2019. Additionally, please clarify whether you evaluated the
impact of the errors
              on your quarterly consolidated statements of cash flows filed on
Forms 6-K, and, if
              so, provide the results of that analysis.
                Your response addresses the quantitative impact of the errors
on an aggregate basis
              but does not address the quantitative impact on an individual
basis. Provide us with
              an analysis that quantifies the individual impact for all of the
cash flow error
              adjustments described in your response for all applicable
periods.

       You may contact Cara Lubit at 202-551-5909 or Robert Klein at
202-551-3847 with any
questions.



FirstName LastNameDixit Joshi                                 Sincerely,
Comapany NameCredit Suisse Group AG
                                                              Division of
Corporation Finance
October 20, 2022 Page 3                                       Office of Finance
FirstName LastName