ZURICH, July 30 (Reuters) - UBS UBSG.S will explain its position to the Swiss public on the Swiss government's proposals to improve the bank's resilience by hiking capital requirements, Chief Executive Sergio Ermotti said on Wednesday.
"As soon as we are ready, we also intend to provide a public explanation of our position on some of the most relevant aspects," Ermotti said after the bank reported its second quarter results.
"We will provide an update on our longer term return targets as soon as we have more visibility on timing and outcome from the ongoing political process," he added.