'Too Early' to Assess IT Impact After UBS Split
Each autonomous unit will be given incentives to drive divisional results within a clear risk framework, says Peter Kurer, UBS chairman, who spoke during the bank's recent earnings call. "Our review has clearly revealed the weaknesses associated with the integrated 'one firm' business model. Some of these weaknesses-such as the blurring of the true risk-reward profile of individual businesses-are the source of substantial risk, as we have seen in the past few months," he says.
UBS officials
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