ZURICH, July 30 (Reuters) - UBS UBSG.S will not act in advance of Swiss government proposals designed to raise capital levels to make the bank more resilient, Chief Executive Sergio Ermotti said on Wednesday.
He said it was also premature to talk about what mitigation measures the bank would take before knowing the final rules.
"We are not going to front-run any new capital regime, that's clear," Ermotti told analysts after UBS reported second-quarter earnings. "We will wait and see exactly what it is, and then take the appropriate time to phase in whatever will be phased in."