Addressing the Point Zero Forum in Zurich on Wednesday, Ermotti urged parliamentarians to approach the regulatory process with detachment. He emphasized that while stability remains a critical objective, the ability of banks to compete internationally is the primary engine for domestic job creation. The CEO framed the upcoming legislative debate as a choice between maintaining a dynamic economic environment or risking institutional decline.
Beyond regulatory shifts, Ermotti highlighted the disruptive potential of artificial intelligence within the sector. With UBS currently deploying hundreds of AI applications, he acknowledged that workforce reduction is inevitable as automation streamlines traditional banking roles. According to Ermotti, the only viable path to sustaining employment in this new technological era is through aggressive organizational and economic growth.
Comments (0)
No comments yet. Be the first!