瑞银集团UBS AG (UBS) 2009年年度报告「NYSE」.pdf

1、annual report20091|Strategy,performance and responsibility2|UBS business divisions and Corporate Center3|Risk and treasury management4|Corporate governance and compensation5|Financial information1Contents2Letter to shareholders5UBS reporting at a glance6Other sources of information7Contacts 1.Strate

2、gy,performance and responsibility12Strategy and structure16UBS corporate governance20The making of UBS22Current market climate and industry drivers25Risk factors30Financial performance31Measurement and analysis of performance35Accounting and reporting structure changes37UBS results44Balance sheet47O

3、ff-balance sheet52Cash flows53Our employees58Corporate responsibility 2.UBS business divisions and Corporate Center74Wealth Management&Swiss Bank80Wealth Management Americas86Global Asset Management95Investment Bank103Corporate Center 3.Risk and treasury management112Risk management and control116Cr

4、edit risk130Market risk137Operational risk139Risk concentrations142Treasury management143Liquidity and funding management150Interest rate and currency management152Capital management158Shares and capital instruments161UBS shares in 2009164Basel II Pillar 3 4.Corporate governance and compensation186C

5、orporate governance187Group structure and shareholders189Capital structure191Board of Directors198Group Executive Board203Shareholders participation rights205Change of control and defense measures206Auditors208Information policy210Regulation and supervision213Compliance with New York Stock Exchange

6、listingstandards on corporate governance215Compensation and shareholdings216Compensation governance2272009 compensation for the Board of Directors and Group Executive Board231Shares and options held by the Board of Directors and Group Executive Board(at end of 2009)5.Financial information244Introduc