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EU failing-bank guidance due in next three weeks, SRB's König says

By Jack Schickler ( October 10, 2019, 16:19 GMT | Insight) -- Guidance for EU banks on whether they will be restructured by public authorities in the event of failure will be out by the end of this month, the head of the EU’s Single Resolution Board has said. Elke König, who leads the agency responsible for winding up failing lenders in the euro currency area, dismissed French complaints of unreasonable bailout fund charges and promised developments in the case of Spain’s Banco Popular within weeks.Guidance for EU banks on whether they will be restructured* by public authorities in the event of failure will be out by the end of this month, the head of the EU’s Single Resolution Board has said. ...

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