Summary
The proposal updates the EU's bank resolution framework to better protect taxpayers and depositors by improving early intervention, harmonizing deposit claim priorities, and ensuring industry-funded safety nets are used effectively. 10 24.04.2024
Report
economy
finance
taxation
social policy
public administration
Key points
- The proposal aims to reduce reliance on taxpayer-funded bailouts by prioritizing industry-funded safety nets.
- New measures are introduced to simplify and specify early intervention triggers for authorities to address deteriorating financial situations.
- A harmonized priority ranking for deposits will be established to ensure consistent protection across the EU.
- Resolution authorities will have the power to set transitional periods for institutions to meet new capital and liability requirements.
Vote
PPE (100)
S&D (69)
Renew (39)
PfE (31)
Verts/ALE (31)
ECR (28)
The Left (14)
NI (7)
ESN (4)
Total
161 In favor99 Against27 Abstained36 Absent
Vote
PPE
S&D
Renew
PfE
Verts/ALE
ECR
The Left
NI
ESN
Total
Speeches
17 Speeches in total
Pro
Contra
Sabine VERHEYEN
PPE
Documents (PDFs)
DRAFT RECOMMENDATION FOR SECOND READING on the Council position at first reading with a view to the adoption of a directive of the European Parliament and of the Council amending Directive 2014/59/EU as regards early intervention measures, conditions for resolution and funding of resolution action and Directive 2014/24/EU as regards valuation services in resolution
RECOMMENDATION FOR SECOND READING on the Council position at first reading with a view to the adoption of a directive of the European Parliament and of the Council amending Directive 2014/59/EU as regards early intervention measures, conditions for resolution and funding of resolution action and Directive 2014/24/EU as regards valuation services in resolution
PROVISIONAL AGREEMENT RESULTING FROM INTERINSTITUTIONAL NEGOTIATIONS Proposal for a directive of the European Parliament and of the Council amending Directive 2014/59/EU as regards early intervention measures, conditions for resolution and financing of resolution action
DRAFT REPORT on the proposal for a directive of the European Parliament and of the Council amending Directive 2014/59/EU as regards early intervention measures, conditions for resolution and financing of resolution action
REPORT on the proposal for a directive of the European Parliament and of the Council amending Directive 2014/59/EU as regards early intervention measures, conditions for resolution and financing of resolution action
Early intervention measures, conditions for resolution and financing of resolution action (BRRD3)
Early intervention measures, conditions for resolution and funding of resolution action (BRRD3)
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