ECB official says German merged bank should be 'resolvable'.
BANKING AND CREDIT NEWS-March 22, 2019--ECB official says German merged bank should be 'resolvable'
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Global Banking News - 22 March 2019
A top watchdog at the ECB has opined that a merged German bank should be 'resolvable,' meaning it should have structures for easy wind-down in case of a crisis.
Andrea Enria made the comment with regard to the potential merger between Deutsche Bank (NYSE: DB) and Commerzbank (CBK:Xetra). The new entity that is formed from the merger should have extra capital and a legal structure that would allow its safe wind-down in case it collapses, Enria said.
Enria said that banks that become too complex or interconnected...
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