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United States securities and exchange commission logo

                             March 10, 2023

       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
February 13, 2023
                                                            File No. 001-15244

       Dear Dixit Joshi:

              We have reviewed your February 13, 2023 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
       January 17, 2023 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 have reviewed the
response you provided on February 13, 2023 in response to our
                                                        comment letter dated
January 17, 2023. We also have considered the discussions on
                                                        March 8-10, 2023 with
the Company and would like to better understand how you
                                                        concluded that a
broader risk assessment entity-level control material weakness did not
                                                        exist as of December
31, 2022 and 2021. Please respond to the following:

                                                              We note in the
root cause analysis you provided, you concluded the two cash flow
                                                            control
deficiencies resulted from missing controls designed to address the risks of
 Dixit Joshi
FirstName   LastNameDixit
Credit Suisse Group AG Joshi
Comapany
March       NameCredit Suisse Group AG
       10, 2023
March2 10, 2023 Page 2
Page
FirstName LastName
              presentation and disclosure to the financial statements. While
you concluded that one
              control deficiency was remediated as of December 31, 2021, it
does not appear that
              either control deficiency was linked to risk assessment. In light
of the fact that there
              were indications of missing controls responsive to risks of
material misstatements,
              explain how you believe there was not a failure in the risk
assessment entity-level
              control component as of December 31, 2022 and 2021.

                Given that the control deficiencies remained unremediated for
several years,
              including periods prior to those presented in the December 31,
2021 Form 20-F, tell
              us how you concluded that this also was not indicative of
potential risk assessment
              failures.
2.       We have reviewed the response you provided on February 13, 2023 in
response to our
         comment letter dated January 17, 2023. We also have considered the
discussions on
         March 8-10, 2023 with the Company and would like to better understand
how you
         concluded that a broader monitoring entity-level control material
weakness did not exist
         as of December 31, 2022 and 2021. For the unremediated control
deficiencies, the
         following items remain unclear as to how you arrived at the
conclusions in your analysis:

                why you consider the fact that the related transactions were
limited, non-core, unique,
              and/or immaterial to be persuasive support for your conclusions,
given the nature of
              the transactions and the company   s underlying business
operations;

                how your control deficiency evaluation considered the impact of
the restatement of
              previously issued financial statements to reflect the correction
of the error;

                whether you considered the impacts of the magnitude of the
potential error for 2019
              through 2021 related to not only the individual line items but
also the total operating,
              investing, and financing cash flows in reaching your conclusions,
given that you
              identify these subtotals as important to users of the financial
statements; and

                when you completed the quantitative analysis of the potential
magnitude, and
              whether it was complete at the time of the initial severity
assessment or if you
              subsequently determined that a supplementary analysis was
required.

         Please tell us how you considered whether the impact of the potential
error indicated any
         unidentified material weakness(es), including any with the monitoring
entity-level control
         component related to principle 17 of the Committee of Sponsoring
Organization of the
         Treadway Commission (COSO) Internal Control     Integrated Framework
(2013).
3.       Please confirm that you have reassessed the root cause and severity
for each unremediated
         control deficiency existing as of December 31, 2022 and their
resulting impact to the risk
         assessment or monitoring entity-level components.
 Dixit Joshi
Credit Suisse Group AG
March 10, 2023
Page 3

       You may contact Cara Lubit at 202-551-5909 or Robert Klein at
202-551-3847 if you
have questions regarding comments on the financial statements and related
matters.

                                                        Sincerely,
FirstName LastNameDixit Joshi
                                                        Division of Corporation
Finance
Comapany NameCredit Suisse Group AG
                                                        Office of Finance
March 10, 2023 Page 3
cc:       Sebastian Sperber
FirstName LastName
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