The reform of the crisis management and deposit insurance framework: An overview

Annoscia Dario and Martinez Cristiano
Additional contact information
Annoscia Dario: Member of the Legal Service, Single Resolution Board, Brussels
Martinez Cristiano: Member of the Legal Services Directorate, Banca d’Italia, Rome, formerly seconded as a national expert to the Single Resolution Board. The opinions expressed are those of the authors and do not necessarily reflect the views of the Single Resolution Board or the Banca d’Italia.

Zeitschrift für Bankrecht und Bankwirtschaft (ZBB) / Journal of Banking Law and Banking (JBB), 2023, vol. 35, issue 5, 313-328

Abstract: The Crisis Management and Deposit Insurance (CMDI) legal framework brought important benefits in terms of protecting financial stability while avoiding contagion, safeguarding the functioning of the single market, minimising recourse to taxpayers money, significantly improving depositor protection and contributing to boosting consumers’ confidence in the EU banking sector. However, according to the European Commission, it could be further improved especially with regard to smaller and medium-sized banks. This article presents an overview of the European Commission’s legislative proposals addressing those shortcomings and aimed at strengthening the CMDI legal framework, which was presented in April 2023. The core part of this reform is made up of three legislative proposals amending the Bank Recovery and Resolution Directive (Directive 2014/59/EU), the Single Resolution Mechanism Regulation (Regulation 806/2014) and the Deposit Guarantee Schemes Directive (Directive 2014/49/EU). The fourth legislative proposal, would amend the Bank Recovery and Resolution Directive and the Single Resolution Mechanism Regulation with regard to targeted provisions on minimum requirement for own funds and eligible liabilities.

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.15375/zbb-2023-0509 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:zfbrbw:v:35:y:2023:i:5:p:313-328:n:1

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/zbb/html

DOI: 10.15375/zbb-2023-0509

Access Statistics for this article

Zeitschrift für Bankrecht und Bankwirtschaft (ZBB) / Journal of Banking Law and Banking (JBB) is currently edited by Johannes Köndgen

More articles in Zeitschrift für Bankrecht und Bankwirtschaft (ZBB) / Journal of Banking Law and Banking (JBB) from RWS Verlag
Bibliographic data for series maintained by Peter Golla ().