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Bank crisis management, deposit insurance framework set for negotiations after national government agreement

( June 19, 2024, 12:28 GMT | Official Statement) -- MLex Summary: The review of the crisis management and deposit insurance (CMDI) framework for banks is now ready to be negotiated by EU institutions following the position agreed upon by national governments today. The review includes measures aiming to strengthen the existing EU crisis management framework, as well as improving the resolution process for small and medium-sized banks with the addition of a public interest assessment. The revised framework will be “key to the deepening of the Banking Union,” Belgian finance minister Vincent Van Peteghem said.Statement follows....

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