Dr Elke König is Chair of the SRB, being responsible for the management of the organisation, the work of the Board, the budget, all staff, and the Executive and Plenary sessions of the Board. The General Counsel, the Policy Coordination and International Relations Unit, the Communications office and the Internal Audit function report directly to her.
She was President of the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) from 2012 until 2015. After qualifying in business administration and obtaining a doctorate, Dr König spent many years working for companies in the financial and insurance sector. From 1980 to 1990, she worked for KPMG Deutsche Treuhandgesellschaft in Cologne, auditing and advising insurance undertakings, from 1986 as a holder of a special statutory authority (Prokuristin) and from 1988 as a director and partner. From 1990 to 2002, Dr König was a member of the senior management of the Munich Re Group (Head of Accounting); she then moved to Hannover Rückversicherung AG as Chief Financial Officer. From 2010 to the end of 2011, Dr König was a member of the International Accounting Standards Board (IASB) in London. Dr König was also a representative of the Supervisory Board of the Single Supervisory Mechanism. She is Chair of the Resolution Steering Group of the Financial Stability Board.
21/04/2017 to 24/04/2017
Panel: 16:10 – 17:10 Still Digesting the Legacy: How Will Europe’s Banking Models Emerge?
Ten years since the onset of the global financial crisis, several countries in Europe still have weak banking sectors with legacy loans, outdated business models and an urgent need to reform and restructure to restore viability.
What needs to be done and when can it be achieved? Are the available tools (e.g. NPL securitisation, BRRD rules, stress tests) appropriate? Is persistent weakness a threat to Banking Union?
Mark Bailie, Chief Operating Officer, RBS*
Bernard Byrne, Chief Executive Officer, AIB*
Elke König, Chair, Single Resolution Board
Carlo Messina, Chief Executive Officer, Intesa Sanpaolo
Nikhil Srinivasan, Group Chief Investment Officer, Generali