1. What does CMDI stand for, and what does it mean?&nbsp;

The EU bank crisis management and deposit insurance framework (CMDI) lays out rules for how to handle banks that are having financial problems. It was created after the financial crisis in 2008, with one goal being to ensure that there is

3 answers to 3 questions: CMDI


	&nbsp;Expansion of the resolution process remains extremely limited.
	Guarantee schemes maintain priority in the creditor hierarchy.
	&nbsp;It is time to move forward with EU market integration.


Today, the Economic and Financial Affairs Council agreed on calibrations to the EU proposal for the

CMDI Review: despite progress, harmonisation is not yet in sight 

Association of German Banks with new position paper on the CMDI framework review.

Legislative Proposal Misses Mark on Key Issues

Contents

Management summary

Assessment of the proposed legislative package as part of the CMDI review

(1)&nbsp;&nbsp; &nbsp;Amending the public interest assessment (PIA)

(2)&nbsp;&nbsp; &nbsp;Scrapping the super-preference for deposit guarantee schemes

Position paper  of the Association of German Banks on the crisis management and deposit insurance (CMDI) framework review 

1. What does CMDI stand for, and what does it mean?&nbsp;

The EU bank crisis management and deposit insurance framework (CMDI) lays out rules for how to handle banks that are having financial problems. It was created after the financial crisis in 2008, with one goal being to ensure that there is 


	&nbsp;Expansion of the resolution process remains extremely limited.
	Guarantee schemes maintain priority in the creditor hierarchy.
	&nbsp;It is time to move forward with EU market integration.


Today, the Economic and Financial Affairs Council agreed on calibrations to the EU proposal for

Contents

Management summary

Assessment of the proposed legislative package as part of the CMDI review

(1)&nbsp;&nbsp; &nbsp;Amending the public interest assessment (PIA)

(2)&nbsp;&nbsp; &nbsp;Scrapping the super-preference for deposit guarantee schemes

(3)&nbsp;&nbsp; &nbsp;Eligibilit

This means protection limits will be geared to the needs of depositors. For 98 percent of retail savers, nothing will change – their deposits will continue to be fully protected.

German private banks adopt extensive reform of deposit protection

The Hamburg Commercial Bank (HCOB) will become a full member of the Association of German Banks on 1 January 2022 and will switch to the voluntary Deposit Protection Fund of German private banks. This was decided by the Board of Directors of the banking association at a meeting in Brussels today.

Hamburg Commercial Bank to join the Deposit Protection Fund

The German Federal Financial Supervisory Authority (BaFin) determined on 16 March 2021 that a payout event pursuant to Section 10(1) of the German Deposit Guarantee Act (EinSiG) had occurred at Greensill Bank AG since the bank is unable to repay the deposits it holds due to its financial difficulties.

Greensill Bank AG – payout event determined by BaFin

On March, 3 2021, the Federal Financial Supervisory Authority (BaFin) imposed a moratorium on Greensill Bank AG in accordance with Section 46 of the German Banking Act (Kreditwesengesetz – KWG), thus ordering that the bank be closed for business with customers.

Greensill Bank AG closed

Shaping the Banking Union, refocussing on a fair regulatory approach towards the implementation of Basel III in the EU and adapting the treatment of non-performing loans (NPLs) in light of the current economic scenario, : these are the requests the Italian Banking Association (ABI) and the German Banking Industry Committee (GBIC) put forward in a document which calls on European institutions to adopt significant first and second level regulatory measures to counter the economic effects of Covid-19.

Deposit protection

Current articles

3 answers to 3 questions: CMDI

CMDI Review: despite progress, harmonisation is not yet in sight

Legislative Proposal Misses Mark on Key Issues

Position paper of the Association of German Banks on the crisis ...

Deposit protection scheme

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