Brussels, 08/12/2014 (Agence Europe) - The official candidate to become the chair of the new Single Resolution Board, Elke König of Germany, said at hear hearing at the European Parliament's economic and monetary affairs committee on Monday 8 December (see EUROPE 11212) that the resolution arm of Banking Union would ensure that there were no more chaotic bank collapses as occurred in the past with American bank Lehman Brothers.
“We don't want a new Lehman Brothers”, stated König, who...