This spring the European Commission initiated changes with respect to the potential resolution of banks. In addition to natural persons, depositor protection is to be extended to schools, hospitals, municipalities and other public institutions. When are these changes expected to become effective?
DL: The changes that the European Commission proposed in April 2023 to improve the EU bank crisis management and deposit insurance framework are part of its efforts to complete the banking union and enhance financial stability in the EU.
The Commission’s proposal is currently under discussion by the European Parliament and the Council of the European Union, which are the co-legislators in the EU. If I’m not mistaken, The Commission hopes that these institutions will adopt the proposal as soon as possible, so that it can enter into force by 2025.
Contact our communications team
Recent news
The SRB recently published two important documents clarifying its expectations of banks regarding operational resolvability: the Operational guidance...
The body responsible for managing banks in crisis in Europe is celebrating its 10th anniversary and claims that Popular's 2017 resolution has been...
In last June, Parliament and Council have clinched a political deal that is applicable to all the EU member states, and which can be seen as a step...