EU Mulls Blocwide Bad Bank Ahead Of SRB Chair Meeting

Law360, London (March 20, 2017, 7:47 PM GMT) -- European Union lawmakers are set to weigh the potential for a blocwide "bad bank" to free up banks from the burden of nonperforming loans, according to a briefing paper published on Monday, ahead of a meeting later this week with the head of the EU’s bank resolution authority.

Members of the EU’s influential Economic and Monetary Affairs Committee are expected to question Elke König, chair of the Single Resolution Board, on the role of asset management companies in unclogging the bloc’s €921 billion ($988.8 billion) of...
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