On 19 June 2024, the Council of the EU (Council) issued a press release stating that it had agreed a negotiating mandate on the review of the crisis management and deposit insurance (CMDI) framework for banks. With this agreement, the Council is ready to engage in negotiations with the European Parliament on the final shape of the legislation.

On 25 April 2024, the European Parliament issued a press release stating that it had adopted a first reading position on the proposed CMDI framework.