As befits a Swiss bank, UBP keeps an ultra discreet and risk-averse profile, with liquidity exceeding regulatory requirements, but in 2008 it shocked the banking establishment when its clients emerged as major victims of swindler Bernard Madoff.
We are exceeding current regulatory requirements on labeling and disclosure because we believe consumers should be informed on the amount of caffeine they are consuming in their food and beverage products so they can make smart choices.
Secondly, I think there are things the government has a public interest in having the industry do, making these payments into the trust funds that will take over the retiree healthcares, some of the goals on perhaps even exceeding the current requirements for fuel-efficient vehicles or developing alternative fuel vehicles.
That's an unprecedented change, exceeding the demands of Congress and meeting the most stringent requirements sought by many of the environmental advocates represented here today.