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About the Speech: Frau Lautenschläger discussed the European Union's plans to establish a European bank resolution authority, to complement the supervisory authority. Though she has been supportive of the need for a bank resolution mechanism, she maintains that such an authority can only be established on a sound legal basis, and that changes to the European Union's treaties would be required to legitimise any such body. About the Speaker: Sabine Lautenschläger is one of the most prominent figures in European banking and has extensive experience in the field of banking supervision. She is currently the Vice President of the Deutsche Bundesbank, is a member of the Basel Committee on Banking Supervision and has served on the management board of the EBA. Until 2011, she served as the Chief Executive Director of Banking Supervision in Germany's Federal Financial Supervisory Authority.