UBS trader in UK's biggest fraud sounds alarm

Kweku Adoboli, the ex-UBS trader jailed four years ago for the biggest fraud in British history, has said his crimes could be repeated as those working in the banking industry still faced the same pressure to make profits "no matter what".

Adoboli, a senior trader on the Exchange Traded Funds desk at UBS's investment banking arm in London, cost the Swiss bank $2.3 billion after trading far in excess of his authorized risk limits and making fictitious book entries to hide his true positions.

He was given a seven-year jail term and was released from prison earlier this year.