On 25 April 2024, the European Parliament issued a press release stating that it had adopted a first reading position on the proposed legislative package relating to the review of the EU bank crisis management and deposit insurance framework. The legislative package consists of a proposed:

  • Regulation amending Regulation (EU) No 806/2014 as regards early intervention measures, conditions for resolution and funding of resolution action.
  • Directive amending Directive 2014/59/EU as regards early intervention measures, conditions for resolution and financing of resolution action.
  • Directive amending Directive 2014/49/EU as regards the scope of deposit protection, use of deposit guarantee schemes funds, cross-border cooperation, and transparency.

The press release adds that MEPs of the next Economic and Monetary Affairs Committee remain free to choose whether to open negotiations based on the negotiating mandate as adopted by the April plenary or whether to draw up a new negotiating mandate. If they choose the first option, negotiations will be able to begin sooner.