These initiatives, focussed on early intervention measures, deposit protection and resolution funding, aim to amend existing regulations and directives, ensuring a more resilient and transparent financial system across member states.

A summary of the three legislative procedures:

1. 2023/0111(COD): This regulation focusses on early intervention measures, conditions for resolution and funding of resolution actions. It amends Regulation 2014/806 and is part of the EU's financial supervision framework.

It aims to:

• Expand the scope of resolutions: by reviewing public interest assessments.
• Strengthen the funding of resolution actions: without imposing losses on depositors through Deposit Guarantee Scheme (DGS) funds.
• Clarify the early intervention framework: by removing overlaps and foster cooperation between competent and resolution authorities.

The procedure is currently awaiting the Council's first reading position. The draft regulation can be foundhere.

2. 2023/0115(COD): This directive addresses deposit protection, the use of DGS funds, cross-border cooperation and transparency. It amends Directive 2014/49.

It aims to:

• Enhance regional and cross-border financial stability: by harmonising depositor protection in the EU.
• Ensure that preventative measures achieve their objective: by requiring additional reporting obligations from credit institutions.
• Protect individuals: by mandating that alternative funding arrangements of DGSs are not financed through public funds.

The Council's first reading position is pending. The draft directive can be found here.

3. 2023/0112(COD): This directive also deals with early intervention measures, resolution conditions and financing of resolution actions, amending Directive 2014/59

It aims to:

• Safeguard taxpayers’ money: by reducing the overall costs associated with bank failures.
• Empower authorities: to effectively handle potential failures of banks or a group of banks.

It is also part of the EU's broader financial market and supervision reforms, awaiting the Council's first reading position. The draft directive can be found here.

Procedure files released by the European Parliament indicate that plenary sitting dates for the first readings of all three procedures are expected to commence on 15 December 2025.