![Bank crisis management and deposit insurance [EU Legislation in Progress]](https://i0.wp.com/epthinktank.eu/wp-content/uploads/2023/06/EPRS-Briefing-739269-Amendments-CRR-resolution-Daisy-chains-FINAL.png?fit=1000%2C666&ssl=1)
Written by Issam Hallak (1st edition).
On 18 April 2023, the European Commission tabled a package of proposals to amend the bank crisis management and deposit insurance (CMDI) framework. The objective of the reform is to calibrate the latter so as to further deepen harmonisation and reduce the use of taxpayer funding. More specifically, the proposal for a CMDI reform would amend the early intervention procedure and the decision to resolve a failing bank in the public interest. It would also encourage the use of funding from national deposit guarantee schemes in resolution.
The package of proposals is being discussed by the European Parliament and the Council.
Versions
- June 2023: Bank crisis management and deposit insurance (1st edition)
| (A) Proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 806/2014 as regards early intervention measures, conditions for resolution and funding of resolution action. Proposals for a directive of the European Parliament and of the Council amending: (B) Directive 2014/59/EU as regards early intervention measures, conditions for resolution and financing of resolution action; (C) Directive 2014/49/EU as regards the scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency; (D) Directive 2014/59/EU and Regulation (EU) No 806/2014 as regards certain aspects of the minimum requirement for own funds and eligible liabilities. |
| Committee responsible: | Economic and Monetary Affairs (ECON) | A) COM(2023) 226, (B) COM(2023) 227, (C) COM(2023) 228, (D) COM(2023) 229 18.4.2023 |
| Rapporteurs: | (A) to be appointed (B) Luděk Niedermayer (EPP, Czechia) (C) to be appointed (D) Jonás Fernández (S&D, Spain) | (A) 2023/0111(COD), (B) 2023/0112(COD), (C) 2023/0115(COD), (D) 2023/0113(COD) |
| Shadow rapporteurs: | Gilles Boyer (Renew, France) Marco Zanni (ID, Italy) Martin Schirdewan (The Left, Germany) | Ordinary legislative procedure (COD) |
| Next steps expected: Publication of draft reports |
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