Failing Banks to Face Tough EU Scrutiny as New Sheriff Hits Town

  • Permanent backstop needed to build credibility, Koenig says
  • Final list of covered banks, other policies to come in 2016

Elke Koenig.

Photographer: Rolf Schulten/Bloomberg

Euro-area banks next year will face tougher scrutiny about how they plan to handle their own failure as the bloc’s Single Resolution Board takes up its full powers from Jan. 1.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.