The Chair of the Single Resolution Board (SRB), Elke König, hoped that the ongoing consultations on the issue of liquidity in a bank resolution, designed to draw lessons from the treatment of investors in the case of Banco Popular, would find answers "by the end of the year". But quality must take precedence over speed, she stressed.
More generally, the issue of liquidity in a banking resolution is "a key gap" in the existing regulatory framework, said Mrs König on Monday 22 July, during...