‘I’m paid to worry’: Europe’s bank watchdog on cyber threats, non-banks and the next crisis

“I’m sleeping very well,” the head of the EU’s Single Resolution Board (SRB) tells the Business Post from his office in central Brussels, which backs on to the city’s imposing Gothic cathedral, St Gudula. 

In one sense, he is right to be relaxed.

In the 10 years since his organisation was created, it has had to intervene only twice to aid failing banks: Spain’s Banco Popular in 2017 and the Croatian and Slovenian arms of Russia’s Sberbank, which went bust after Moscow’s invasion of Ukraine.