UBS Chairman Weber Says a Correction Was Waiting to Happen

The transcript discusses market complacency, volatility, and the impact of Federal Reserve changes on Treasury repricing. It highlights the stability of the banking system since 2007, the role of shadow banking, and the need for regulation. The discussion covers monetary policy normalization by the ECB and Fed, the UK's economic outlook amid Brexit, and UBS's strategy focusing on opportunities in the US and Asia Pacific. It concludes with insights into European banking prospects and the importance of risk management.

What does the speaker predict about the UK monetary policy in relation to Brexit?

What opportunities does the speaker identify in the US and Asia Pacific markets?

What does the speaker suggest about the future of European bank consolidation?

What are the potential risks mentioned regarding the European banking system?