CMDI Is Now Law — What the New EU Bank Resolution Rules Mean in Practice
On 20 April 2026, the EU's Crisis Management and Deposit Insurance (CMDI) reform package was finally published in the Official Journal — three linked instruments amending the BRRD, the Single Resolution Mechanism Regulation, and the Deposit Guarantee Schemes Directive, after years of negotiation that began with the European Commission's original 2023 proposal. The new rules enter into force this year, with most provisions applying over a 2026-2028 transition. For anyone working in EU bank resolution or deposit protection, the framework everyone has been debating in theory just became something they'll be implementing in practice.
Bank Failure and Resolution in the EU, edited by Sebastián Royo, Ewa Miklaszewska and Giovanni Ferri (Routledge), is the book that explains why this reform happened and whether it will actually work. Rather than treating CMDI as an abstract policy debate, it tests the EU's post-2008 resolution architecture against a full run of real cases — not just the famous ones, but the smaller and regional banks where the old framework was weakest, which is exactly where CMDI is meant to make the biggest difference.
Three ways this book earns its place on a working shelf: a resolution authority or DGS professional preparing for CMDI implementation gets a chapter-by-chapter rationale for each change, tied to specific prior failures rather than policy generalities. A banking regulation academic teaching post-2008 crisis management gets thirteen documented case studies — Banco Espírito Santo, Banco Popular Español, Monte dei Paschi di Siena, MKB Bank Hungary, several Polish cooperative bank resolutions — to use as primary teaching material. And anyone benchmarking the EU against other jurisdictions gets a direct comparative chapter on the FDIC's handling of the 2023 US banking crisis.
For law and finance libraries, this is the reference to have on hand as institutions move from CMDI's legislative text into implementation — demand for grounded, case-based analysis like this tends to run well ahead of when libraries think to order it.
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Q&A
Q: Is the CMDI reform actually final now, or still being negotiated?
A: It's final. The package was published in the EU Official Journal on 20 April 2026 and entered into force shortly after, with most provisions applying on a transition timeline running into 2028.
Q: Does this book explain the CMDI reform, or is it only about past failures?
A: Both — it sets out the rationale for CMDI directly, then tests whether the reform addresses the specific weaknesses exposed by real EU bank failures over the past decade.
Q: What bank failure cases does it actually cover?
A: Banco Espírito Santo and BANIF in Portugal, Banco Popular Español, Monte dei Paschi di Siena in Italy, Getin Noble in Poland, MKB Bank in Hungary, and several Polish cooperative bank resolutions.
Q: Is this useful outside the EU, or only for EU-focused readers?
A: It includes a dedicated comparative chapter on the FDIC's handling of the 2023 US systemic crisis episode, so it's useful for anyone benchmarking resolution regimes across jurisdictions.
Q: Where can I buy Bank Failure and Resolution in the EU?
A: Directly from CLNZ Books, with worldwide shipping and institutional invoicing available.