瑞银集团UBS AG (UBS) 2008年年度报告「NYSE」.pdf

1、annual report20081|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 structure18The making of UBS20Current market climate and industry drivers23Risk factors28Financial performance29Measurement and analysis of performance32UBS reporting structure33Accounting changes35Key performance indicators38UBS results44Balance sheet

3、47Off-balance sheet52Cash flows54UBS employees60Corporate responsibility 2.UBS business divisions and Corporate Center74Global Wealth Management&Business Banking77Wealth Management International&Switzerland83Wealth Management US89Business Banking Switzerland94Global Asset Management102Investment Ban

4、k110Corporate Center 3.Risk and treasury management120Risk management and control125Risk concentrations128Market risk134Credit risk149Operational risk150Treasury management151Liquidity and funding management159Interest rate and currency management162Capital management168Shares and capital instrument

5、s172UBS shares in 2008176Basel II Pillar 3 4.Corporate governance and compensation194Corporate governance195Group structure and shareholders197Capital structure199Board of Directors206Group Executive Board210Senior leadership211Shareholders participation rights213Change of control and defense measur

6、es214Auditors216Information policy218Regulation and supervision221Compliance with New York Stock Exchange listing standards on corporate governance223Compensation,shareholdings and loans224Compensation governance2252008 compensation for the Board of Directors and Group Executive Board230Shares,optio