ECON Public Hearing with Chair Elke König

SRB Chair Elke König, will attend her last ECON committee hearing in that role on 30 November from 15:15 to 16:15.

In her eight years as Chair, the SRB has developed its resolution strategies in respect of banks within the Banking Union and has overseen the build-up both of liabilities on banks' balance sheets that could if needed, be bailed in, and also of the Single Resolution Fund. Several banks have been considered failing or likely to fail in that time and have therefore required the SRB to determine whether to apply resolution tools. The most notable case was Banco Popular in Spain in 2017, which was resolved through bail-in (in the form of write-down and conversion of capital instruments) and sale to Banco Santander.