ZURICH, July 30 (Reuters) - UBS 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.