Elke Koenig, head of the euro area’s bank-failure authority, rejected allegations that her agency’s actions accelerated the collapse of Banco Popular Espanol SA by spurring withdrawals and weakening the lender before it was wound down and sold to Banco Santander SA.
Koenig faced a barrage of questions from lawmakers in the European Parliament July 11 on the Single Resolution Board’s handling of Banco Popular, including on comments she made on Bloomberg TV.
“Did the SRB trigger the liquidity outflow? I can hardly see that,” she said in Brussels. “I don’t think that we triggered it. We watched it, and then ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.