Failing EU banks more likely to face resolution as SRB toughens public-interest test

By Jack Schickler ( March 23, 2021, 12:56 GMT | Insight) -- EU banks will likely get an updated regulatory approach within weeks on whether individual failures destabilize the economy or not, a senior official told lawmakers today, in a refresh that would make it more likely for collapsing lenders to undergo painful Brussels-based restructuring. The Single Resolution Board has been accused of exploiting inconsistencies to shirk responsibility, but chairwoman Elke König told lawmakers she was confident that it would win a legal challenge being heard at the bloc's top court today.EU banks will likely get an updated regulatory approach within weeks on whether individual failures destabilize the economy or not, a senior official told lawmakers today, in a refresh that would make it more likely for collapsing lenders to undergo painful Brussels-based restructuring. ...

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Failing EU banks more likely to face resolution as SRB toughens public-interest test

Prepare for tomorrow’s regulatory change, today

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