Reuters have begun scoring employees specifically on their behaviour, which could impact their bonuses, in hopes it will improve banking behaviour. The bank began last year giving staff a grade of two , the criteria for which included integrity and collaboration, with behaviour now counting to around 30 percent of the employees' performance reviews. Over last year UBS had paid out billions of dollars to settle a string of scandals, including manipulation of of forex rates as well as aiding tax evasion by U.S. clients.
UBS have begun scoring employees specifically on their behaviour, which could impact their bonuses, in hopes it will improve banking behaviour. The bank began last year giving staff a grade of one to five, the criteria for which included integrity and collaboration, with behaviour now counting to around 30% of the employees' performance reviews. Over recent years UBS had paid out billions of dollars to settle a string of scandals, including manipulation of of forex rates as well as aiding tax evasion by US clients.