ECONOMY - FINANCE - BUSINESS / Banks

A reform of European crisis management framework to broaden scope of bank resolution and facilitate use of deposit guarantee schemes

Brussels, 17/04/2023 (Agence Europe)

The European Commission will present, on Tuesday 18 April, a legislative package revising the banking crisis management framework - the ‘BRRD’ (2014/59) and ‘DGS’ (2014/49) directives, the ‘SRMR’ regulation (806/2014) - which will aim, among other things, to broaden the scope of bank resolution to include medium-sized banks and to involve national deposit guarantee schemes more closely in the resolution of a failing bank.

It is not a question of completely overhauling the...