On 26 January 2021, the European Commission issued a targeted consultation on the revision of the EU’s crisis management and deposit insurance framework. The results of the consultation will feed into the Commission’s work to make the framework more coherent and robust. The consultation focuses on three key EU legislative texts: the Bank Recovery and Resolution Directive, the Single Resolution Mechanism Regulation, and the Deposit Guarantee Schemes Directive. The main purpose of the review is to: (i) assess how the current crisis management and depositor insurance framework works; (ii) find ways to make the framework more proportionate, efficient and consistent in handling the resolution or liquidation of any bank in the EU, including by securing appropriate funding within and outside the Banking Union; and (iii) improve the synergies between crisis management and depositor protection, including by taking steps to complete the Banking Union. The deadline for comments on the consultation is 20 April 2021. In parallel to the targeted consultation a more technical consultation will be launched in mid-February.