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EU watchdog SRB sees no imminent banking risks from no-deal Brexit

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EU watchdog SRB sees no imminent banking risks from no-deal Brexit
FILE PHOTO: Elke Koenig, Chair of the Single Resolution Board, speaks during an interview with Reuters in Brussels, Belgium, August 10, 2016. REUTERS/Francois Lenoir/File Photo   -   Copyright  Francois Lenoir(Reuters)
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BRUSSELS (Reuters) – Euro zone banks face no imminent risks from a no-deal Brexit, the head of the European Union agency responsible for dealing with failing lenders said on Tuesday.

Single Resolution Board’s chief Elke Koenig also said a court ruling last week which overturned an EU decision over the rescue of Italy’s Tercas bank in 2014 could open the way for a discussion on the role of deposit guarantee schemes beyond their core function of protecting savers of collapsing banks.

(Reporting by Francesco Guarascio, Editing by Gabriela Baczynska)

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