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SRB responses to the European Commission targeted consultation on the review of the crisis management and deposit insurance framework

News
|
Wednesday, 21 April 2021
| Camille DE REDE

The Single Resolution Board responded to the European Commission targeted consultation on the review of the bank crisis management and deposit insurance (CMDI) framework.

About the consultation

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).

Contact our communications team

Spokesperson & Communications Team Leader
Susan Carroll
Email
Susan.Carroll [a] srb.europa.eu
Phone:
+ 32 2 490 3439
Mobile:
+32 470 96 48 01
Seán De Búrca
Speechwriter & Communications Expert
Seán De Búrca
Email
Sean.de-Burca [a] srb.europa.eu
Phone:
+32 2 490 3710
Mobile:
+32 477 02 87 10
Camille De Rede
Communications Expert
Camille De Rede
Email
Camille.de-Rede [a] srb.europa.eu
Phone:
+32 2 490 3530
Mobile:
+32 477 028 530