Reform of the EU Banking Resolution Framework

by name voted on 24.04.2024

Summary

The proposal updates EU rules to make the resolution of failing banks more efficient, ensuring that industry funds—rather than taxpayers—cover losses and protecting depositors.

10 24.04.2024

Report

finance

economy

european union

public administration

administrative reform

Key points

The proposal seeks to improve the efficiency of the banking resolution framework to protect taxpayers and financial stability.
New rules are introduced for early intervention, allowing supervisors to take action like replacing management or appointing temporary administrators.
The regulation adds a new rule regarding how deposits can be used to meet loss-absorption requirements, subject to strict conditions.
Temporary administrators can be appointed by the ECB for a maximum of one year, with a possibility for one extension.

Vote

PPE

S&D

Renew

PfE

Verts/ALE

ECR

The Left

NI

ESN

Total

Speeches

17 Speeches in total

Pro

Contra

1:33 min

15. Deposit protection and early intervention measures (joint debate)

Sabine VERHEYEN

Sabine VERHEYEN

PPE

0:57 min

15. Deposit protection and early intervention measures (joint debate)

Documents (PDFs)

DRAFT RECOMMENDATION FOR SECOND READING on the Council position at first reading with a view to the adoption of a regulation of the European Parliament and of the Council amending Regulation (EU) No 806/2014 as regards early intervention measures, conditions for resolution and funding of resolution action RECOMMENDATION FOR SECOND READING on the Council position at first reading with a view to the adoption of a regulation of the European Parliament and of the Council amending Regulation (EU) No 806/2014 as regards early intervention measures, conditions for resolution and funding of resolution action PROVISIONAL AGREEMENT RESULTING FROM INTERINSTITUTIONAL NEGOTIATIONS Proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 806/2014 as regards early intervention measures, conditions for resolution and funding of resolution action DRAFT REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 806/2014 as regards early intervention measures, conditions for resolution and funding of resolution action REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 806/2014 as regards early intervention measures, conditions for resolution and funding of resolution action Early intervention measures, conditions for resolution and funding of resolution action (SRMR3) Early intervention measures, conditions for resolution and funding of resolution action (SRMR3)

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