On 26 March 2026, the European Parliament issued a press release stating that MEPs had approved the crisis management and deposit insurance (CMDI) package.
The package comprises three legislative files: the Bank Recovery and Resolution Directive (BRRD), the Single Resolution Mechanism Regulation (SRMR) and the Deposit Guarantee Schemes Directive (DGSD).
Luděk Niedermayer (EPP, CZ), responsible for the BRRD said: “This was a very complex file, both economically and politically. However, it makes the EU crisis management framework stronger and more coherent. It broadens the resolution system, in particular for small and medium-sized banks, improves predictability, and harmonises the use of tools across the Union. It improves safeguards for citizens, SMEs, and municipalities by clarifying how their funds will be treated in the event of a bank failure. One of the key objectives was to reduce reliance on taxpayers’ money by promoting market-based solutions and private funding mechanisms. This was a hard-won compromise, after long and difficult negotiations. More importantly, this file will enable more agile progress towards the completion of the banking union, which is a very important part of the EU’s key agenda to improve the functioning of the single market.”
Irene Tinagli (S&D, IT), responsible for the SRMR, said: “The reform of bank crisis management and deposit insurance framework marks a decisive improvement, making resolution more credible and accessible for small and medium-sized banks, while preserving a prudent framework with loss-absorbing capacity as the first line of defence. At the same time, the agreement strengthens the effective use of industry-funded instruments within a clear and robust framework. It also safeguards the integrity and independence of European governance, ensuring consistency, legal certainty, and greater harmonisation across the banking union. This represents a clear step forward in reinforcing financial stability and integration, while underlining the need for further progress towards a fully-fledged European deposit insurance scheme to complete the banking union.”
Kira Marie Peter-Hansen (Greens/EFA, DK) responsible for the DGSD, said: “In today’s volatile geopolitical and economic environment, it is more important than ever to have a robust and resilient regulatory framework that enables banks to continue to finance the real economy throughout the economic cycle. The adoption of the CMDI review, and in particular of the DGSD, is an important first step in that direction and towards the completion of banking union. The main objectives of this review have been achieved. The scope of the resolution has been expanded, while still providing sufficient safeguards to ensure that deposit guarantee schemes remain sufficiently funded. At the same time, we have harmonised the deposit guarantee scheme toolbox, moving towards a more integrated European banking sector. Nonetheless, these are targeted reforms. More ambitious action will be needed to finally complete the banking union, including a fully-fledged European deposit insurance scheme.”
The new rules enter into force on the twentieth day following the publication in the Official Journal of the European Union and will apply (with some exceptions) from 24 months from entry into force.