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Banking Union: Review of the bank crisis management and deposit insurance framework (SRMR review)
COMMISSION STAFF WORKING DOCUMENT IMPACT ASSESSMENT REPORT Accompanying the Proposals for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND COUNCIL amending Directive 2014/59/EU as regards early intervention measures, conditions for resolution and financing of resolution action REGULATION OF THE EUROPEAN PARLIAMENT AND COUNCIL amending Regulation (EU) 806/2014 as regards early intervention measures, conditions for resolution and financing of resolution action DIRECTIVE OF THE EUROPEAN PARLIAMENT AND COUNCIL amending Directive 2014/49/EU as regards the scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency
Initiative summary:
This initiative is a review of the bank crisis management and deposit insurance framework. The review focuses on three legislative texts currently in force. The main purpose is to increase the efficiency, flexibility and overall coherence of the framework for handling EU bank failures in resolution or insolvency, to ensure equal treatment of depositors and to enhance the level of depositor protection, including through possibly the creation of a common depositor protection mechanism.