If I were to characterize the environment at UBS, I would say "slow" and "fragile". Even though the company does its best to create unique and innovative solutions, they are mostly blocked by the internal policies, which are needed, but I wouldn't say that they are that much needed in many fields. Your every move requires acceptance by someone above you, and it can take some time (sometimes up to two weeks). It changes, but because of the number of people who have the time and knowledge to change the system, new solutions can quickly become outdated in the outside world.