Council position on the CMDI reform- An initial analysis regarding key aspects of the proposed bank crisis management framework

Following the negative reaction from the Commission when the Council published its general approach to the CMDI reform, this briefing provides some initial analysis regaring the key aspects of public interest assessment, resolution objectives and resolution funding. Clearly, the Council aims for a narrower scope of resolution in harmonised procedures by the Banking Union authorities than the Commission and narrows the available funding accordingly, potentially privileging action under national frameworks instead. Whether a balance is achieved, however, will require more in-depth analysis.