Public hearing with Elke König, Chair of the Single Resolution Board

29-03-2019

This note is prepared in view of a regular public hearing with the Chair of the Single Resolution Board (SRB), Elke König. The briefing addresses (i) recent supervisory developments or state of play with resolution cases (Carige, NordLB, Novo Banco and ABLV), (ii) summarises a recent General Court decision (‘Banca Tercas’) regarding the use of DGS in a preventative manner under State aid, (iii) points to regulatory developments regarding the completion of the Banking Union (resolution financing, EDIS and liquidation regime), (v) and comments on policy developments and publications of the SRB. The briefing also (iv) summarises two external papers on “stock taking of the SRB’s activities over the past years: what to improve and focus on”.

This note is prepared in view of a regular public hearing with the Chair of the Single Resolution Board (SRB), Elke König. The briefing addresses (i) recent supervisory developments or state of play with resolution cases (Carige, NordLB, Novo Banco and ABLV), (ii) summarises a recent General Court decision (‘Banca Tercas’) regarding the use of DGS in a preventative manner under State aid, (iii) points to regulatory developments regarding the completion of the Banking Union (resolution financing, EDIS and liquidation regime), (v) and comments on policy developments and publications of the SRB. The briefing also (iv) summarises two external papers on “stock taking of the SRB’s activities over the past years: what to improve and focus on”.