On Tuesday 16 May, EU Finance Ministers held an initial discussion on the ‘CMDI’ legislative package aimed at strengthening the European bank crisis management framework. Discussions at technical level will start in the EU Council next week.
Building on a Eurogroup statement from June 2022 (see EUROPE B12974A10), the European Commission’s legislative proposal suggests extending the scope of resolution to failing medium-sized banks, provided in particular that an affected bank...