The EU Parliament Think Tank published on 17 May 2023 the in-depth analysis “Reform of the CMDI framework that supports completion of the Banking Union” which was prepared by the Economic Governance and EMU scrutiny Unit (EGOV) at the request of the Committee on Economic and Monetary Affairs (ECON).
The Bank Crisis Management and Deposit Insurance (CMDI) framework should be enhanced with a view to completing the Banking Union. This study recommends harmonizing some key elements of the national bank insolvency regimes, granting the ECB a role in the provision of ELA and introducing improvements to the deposit guarantee schemes framework that could pave the way for the establishment of EDIS in the near future.
The study has been co-authored by Prof. Rym Ayadi, Professor at Bayes Business School, City University of London, Senior Advisor at CEPS and President of EMEA, Prof. Giovanni Ferri, Professor of Economics at the Department of Law, Economics, Politics & Modern Languages at LUMSA University, member of EMEA Advisory Board, Prof. Emilios Avgouleas, Chair International Banking Law and Finance, University of Edinburgh, member of EMEA Advisory Board, Prof. Rosa M. Lastra, Sir John Lubbock Chair in Banking Law and Chair of the Institute of Banking and Finance Law the Centre for Commercial Law Studies (CCLS), Queen Mary University of London, and Marco Bodellini, University of Luxembourg.
Link to the study at the EU Parliament Think Tank
Please also check the article “Another unexpected banking crisis, yet another opportunity to fix the system” co-authored by Prof. Rym Ayadi, Prof. Rosa M. Lastra, and Karel Lannoo – CEPS Chief Executive Officer.
The Economic Governance and EMU scrutiny Unit provides in-house and external expertise to support EP committees and other parliamentary bodies in shaping legislation and exercising democratic scrutiny over EU internal policies.