I warmly welcome the political agreement reached by the Council and the European Parliament on the reform of the EU’s Crisis Management and Deposit Insurance (CMDI) framework. This agreement delivers on a key commitment made in the Eurogroup statement of June 2022 on the future of the banking union – to strengthen the EU’s framework for managing bank crises and improve the use of deposit guarantee schemes in bank resolution.
| “This reform significantly enhances the EU’s ability to respond to bank failures in a proactive, credible, and efficient manner – protecting depositors and safeguarding financial stability. It reflects the Eurogroup’s consistent view that deepening the banking union is essential to strengthening the euro area’s resilience and competitiveness and to enhancing the international role of the euro.” |
| — Paschal Donohoe, President of the Eurogroup |
This is a major milestone. The Eurogroup will, in due course, reflect on the next steps needed to further strengthen and complete the banking union.
I want to thank my colleagues in the Council, the European Commission, and the European Parliament for the tireless work that made this agreement possible. Together, we are building a more stable, more resilient, and more competitive financial system for all Europeans.
- Bank resolution: Council and Parliament strike deal to strengthen the EU crisis management framework (press release, 25 June 2025)
- Eurogroup statement on the future of the Banking Union of 16 June 2022
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