![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 (3rd edition, updated on 13.05.2025).
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 framework so as to further deepen harmonisation and reduce the use of taxpayer funding to rescue failed banks. More specifically, the proposal 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.
In Parliament, the Committee on Economic and Monetary Affairs (ECON) is responsible for the files and has adopted its reports. Parliament adopted its first-reading position on the files during its April II plenary session.
Versions
- May 2024: Bank crisis management and deposit insurance (3rd 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) Pedro Marques (S&D, Portugal) (B) Luděk Niedermayer (EPP, Czechia) (C) Ernest Urtasun (Greens, Spain) (D) Jonás Fernández (S&D, Spain) | (A) 2023/0111(COD), (B) 2023/0112(COD), (C) 2023/0115(COD), (D) 2023/0113(COD) |
| Shadow rapporteurs: | Luděk Niedermayer (EPP, Czechia; A, C, D); Pedro Marques (S&D, Portugal; B, C); Gilles Boyer (Renew, France; A, B, C); Erik Poulsen (Renew, Denmark; D); Ernest Urtasun (Greens, Spain; A, B, D); Roberts Zīle (ECR, Latvia; A, B, C); Johan Van Overtveldt (ECR, Belgium; D); Marco Zanni (ID, Italy); Martin Schirdewan (The Left, Germany) | Ordinary legislative procedure (COD) |
| Next steps expected: Trilogue negotiations |
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