26/01/2021 (Agence Europe) – On Tuesday 26 January, the European Commission launched a public consultation focusing on the EU regulatory framework (‘BRRD’ and ‘DGSD’ Directives, ‘SRMR’ Regulation) for bank deposit protection, which currently pertains to 100,000 euros per credit institution. Objectives: - assess the functioning of the current European rules; - identify ways to make the regulatory framework “more proportionate, efficient and consistent”, according to a Commission press release; - improve synergies between financial crisis management and depositor protection, including by taking steps to complete the Banking Union in the euro area. On Monday, the European Commissioner for Financial Services, Mairead McGuinness, recalled that the Commission will present a new legislative proposal on bank deposit protection (see EUROPE 12643/22). To take part in the consultation open until 20 April: http://bit.ly/2LYM3EK (MB)