Banking Resolution – Keynote Speech by Dr Elke König

The Chair of the Single Resolution Board (SRB), Dr Elke König delivered a keynote speech dealing with the issue of Banking Resolution. Her speech reminded the audience of the road travelled in the past decade since the financial crisis. During this time, the EU has put in place a number of measures and institutions in order to better deal with any shocks to the system going forward.

While much progress has been made to date, work still remains to complete the Banking Union, including on issues such as the European Deposit Insurance Scheme and the backstop for the Single Resolution Fund. Dr König encouraged all stakeholders to drive these pressing issues forward, given the favourable economic conditions that prevail at present.  Finally, the Chair of the SRB stressed the need for continued close cooperation within the euro area, with the Nordic countries and on the international stage with partners such as the United Kingdom and the United States, in order to ensure continued success in maintaining financial stability.