Perspectives for Reform of the European Crisis Management Framework for Banks and the Completion of European Banking Union

This brief paper addresses the overall direction of reform within a context of completing the European Banking Union (EBU) bearing in mind the outcome of the recent Eurogroup meeting of 16 June 2022. In that context it succinctly touches the three chief political commitments that came out of such June 2022 Eurogroup meeting corresponding to (a) a clarified and harmonized public interest assessment; (b) a broadened application of resolution tools in crisis management at European and national level, including for smaller and medium-sized banks and (c) harmonization of targeted features of national bank insolvency laws to ensure consistency with the principles of the European Crisis Management framework.Within such first political commitment (a), the paper focus in particular on the so called public interest assessment, which is decisive to establish the remit of each European resolution case, adding, in its overall Conclusions, some further wider considerations on the roadmap to the Banking Union and the reform of the EU crisis management framework