UBS responds to Parliamentary approval of the US-Swiss Government Agreement
Zurich/Basel, 17 June 2010 - UBS welcomes today's Swiss Parliamentary approval of the US-Swiss Government Agreement. This vote is an important step to support the resolution at the governmental level.
UBS continues to focus on its comprehensive and timely compliance with all obligations under its separate settlement agreements with the US Department of Justice and the Securities and Exchange Commission (known as the Deferred Prosecution Agreement, or DPA, and Consent Order) and is confident that this will be achieved by the relevant deadlines in August 2010.
Cautionary Statement Regarding Forward-Looking Statements | This release contains statements that constitute "forward-looking statements" as to UBS's expectations concerning the resolution of legal proceedings relating to UBS's cross-border US banking business. While these forward-looking statements represent UBS management's expectations concerning the matters described, a number of risks and uncertainties, including the possibility of unanticipated political or legal developments in Switzerland or in the US, could cause actual events to differ materially from UBS's expectations. In addition, we refer to the risk factors and other information included in our past and future financial reports and investor releases and in documents filed with or furnished to the US Securities and Exchange Commission (SEC), including UBS's Annual Report on Form 20-F for the year ended 31 December 2009. UBS is not under any obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.