In the aftermath of the global financial crisis, the EU laid down the rules for handling bank failures and enhancing depositor protection.
The Single Resolution Board responded to the European Commission targeted consultation on the review of the bank crisis management and deposit insurance (CMDI) framework.
In the aftermath of the global financial crisis, the EU laid down the
rules for handling bank failures and enhancing depositor protection.
The targeted consultation is part of the overall consultation strategy
of the European Commission for the review of the bank CMDI framework and
focuses on three EU legislative texts: the Bank Recovery and Resolution Directive (BRRD), the Single Resolution Mechanism Regulation (SRMR), and the Deposit Guarantee Schemes Directive (DGSD).
The consultation sought to gather stakeholders’ experience with the
current crisis management and deposit insurance framework as well as
their views on the revision of the framework, which is part of the
debate on the completion of the banking union and in particular its third and missing pillar EDIS.
The SRB provided replies
(in blue in the document) to the different European Commission’s
questions, with an emphasis on the completion of the banking union and
establishment of its third pillar, the European deposit insurance scheme
(EDIS).
SRB
© Single Resolution Board
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article