Prudential, Recovery & Resolution

EU plan to improve crisis management and deposit insurance has several shortcomings

By Michael Imeson
Image: Getty Images
Image: Getty Images

Banks and industry commentators have largely welcomed the European Commission’s proposal to strengthen its bank Crisis Management and Deposit Insurance (CMDI) framework. But it has been criticised for not fully addressing the problem of the delay in creating the European Deposit Insurance Scheme (EDIS), the missing link in the bloc’s ...

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