Ermotti Says UBS to Put Reputation, Risk Control First

Sergio Ermotti, chief executive officer of UBS AG, talks about the bank's fourth-quarter loss and approach to regulation.

He speaks on a webcast presentation in Zurich. (This is Ermotti's opening statement only. Source: UBS)

00:00 "Challenging" 2012; global economy, capital 03:20 Libor, ethics, approach to regulation, risk 05:03 Cost savings, capital returns outlook 05:45 Wealth management; Swiss customers 11:40 Compensation policy; meeting targets

Running Time: 14:32

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