ZBB 2023, 313

RWS Verlag Kommunikationsforum GmbH & Co. KG, Köln RWS Verlag Kommunikationsforum GmbH & Co. KG, Köln 2199-1715 Zeitschrift für Bankrecht und Bankwirtschaft ZBB 2023 ReportDario Annoscia* / Cristiano Martinez**

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

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.

Contents

  • I. Introduction
  • II. Proposed amendments to the BRRD
    • 1. Public interest assessment
    • 2. Use of deposit guarantee schemes in resolution and depositor preference
    • 3. Extraordinary public financial support
    • 4. Early intervention measures
    • 5. Preparation for resolution
    • 6. Determination of the conditions for resolution
    • 7. Resolution financing arrangements
    • 8. Winding up after a negative public interest assessment
    • 9. Resolution of holding companies and companies permanently affiliated to a central body
    • 10. Minimum Requirement for Own Funds and Eligible Liabilities (MREL)
    • 11. Resolution powers
    • 12. Simplifications concerning recovery plans, resolution plans, group resolution plans and business reorganisation plans
    • 13. Special manager and resolution tools
    • 14. Resolution colleges
    • 15. EBA’s new tasks
    • 16. State of play of the legislative process
  • III. Proposed amendments to the SRMR
    • 1. State aid and Fund aid
    • 2. Cooperation and information sharing
    • 3. SRB’s Governance
    • 4. State of play of the legislative process
  • IV. Proposed amendments to the DGSD
    • 1. Scope of the guarantee and repayment
    • 2. Uses of deposit guarantee schemes means
    • 3. Funding and membership of deposit guarantee schemes
    • 4. Cross-border aspects
    • 5. Information and transparency
    • 6. State of play of the legislative process
  • V. Proposed amendments to the Daisy Chain Act
*
*)
Member of the Legal Service, Single Resolution Board, Brussels
**
**)
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.

Der Inhalt dieses Beitrags ist nicht frei verfügbar.

Für Abonnenten ist der Zugang zu Aufsätzen und Rechtsprechung frei.


Sollten Sie über kein Abonnement verfügen, können Sie den gewünschten Beitrag trotzdem kostenpflichtig erwerben:

Erwerben Sie den gewünschten Beitrag kostenpflichtig per Rechnung.


PayPal Logo

Erwerben Sie den gewünschten Beitrag kostenpflichtig mit PayPal.

Verlagsadresse

RWS Verlag Kommunikationsforum GmbH & Co. KG

Aachener Straße 222

50931 Köln

Postanschrift

RWS Verlag Kommunikationsforum GmbH & Co. KG

Postfach 27 01 25

50508 Köln

Kontakt

T (0221) 400 88-99

F (0221) 400 88-77

info@rws-verlag.de

© 2024 RWS Verlag Kommunikationsforum GmbH & Co. KG

Erweiterte Suche

Seminare

Rubriken

Veranstaltungsarten

Zeitraum

Bücher

Rechtsgebiete

Reihen



Zeitschriften

Aktuell