Finance

EU banks told to get crisis-ready by removing wind-down hurdles

Streamlining banks’ architecture, ensuring they can fund own demise without taxpayers’ help to become priorities in year ahead

bloomberg

17.12.2017

Big euro-area lenders face a choice; clean up the complicated corporate structures that make them difficult to wind down in a crisis, or watch Elke Koenig do it for them.

Koenig, head of the Brussels-based Single Resolution Board, said in an interview that streamlining banks’ architecture and ensuring they can fund their own demise without taxpayers’ help will be priorities in the year ahead.