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