Q&A: SRB’s Elke König on resolution regimes

Chair of Europe's new bank resolution board says derivatives are not "sacrosanct"

elke-konig-srm-1-app
Elke König, Single Resolution Board. Photo: Frank Beer

One advantage of playing catch-up is that laggards can look at what others are doing and improve on it. The eurozone is hoping to do just that with its bank resolution authority – the Single Resolution Board (SRB), which held its first meeting on March 25. Its US counterpart, the Federal Deposit Insurance Corporation (FDIC), was established in 1933, in the depths of the Great Depression, giving it an 82-year head start, and US banks have been submitting ‘living wills' to the FDIC since 2012.

Elk

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: