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Archive » September 2023 » The proposal for new European rules on banking crises: the impact for Deposit Guarantee Schemes?

The proposal for new European rules on banking crises: the impact for Deposit Guarantee Schemes?

Alfredo Pallini, Manuela De Cesare, Francesca Calarco, Gianluca Grasso, Riccardo De Lisa
September 2023 - n. 9
Keywords: Banche, crisi, sistemi di garanzia dei depositi, risoluzione
Jel codes: G21, G28, G33

On 18 April 2023, the European Commission published its proposal to revisit the crisis management and deposit insurance (Cmdi) framework. Involved is a complex package of reform of existing legislation consisting in Directive 2014/59/Eu for recovery and resolution of credit institutions and investment firms, Directive 2014/49/Eu on Deposit Guarantee Schemes and Regulation (Eu) 2014/806 for a Single Resolution Mechanism (Srmr). The Reform is complex and requires close scrutiny. To achieve a necessary precision, the many aspects must be read in approximation to each other given the numerous interlinkings between the various regulatory prescriptions. This paper provides a critical analysis of the proposals for revision of the regulatory framework for the management of bank crises and the potential consequences for the activities of Dgs.

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