The 2026 CMDI framework and the persistence of host-state asymmetry: the case of Poland
DOI:
https://doi.org/10.24136/ceref.2026.008Keywords:
banking groups, crisis management, deposit guarantee, CMDI, SRMR, BRRD, Banking Union, financial supervisionAbstract
The aim of this study is to review the regulatory provisions of the 2026 Crisis Management and Deposit Insurance (CMDI) framework, the conditions for its implementation in the Polish banking sector, and its potential effects. In doing so, the following thesis is advanced: the 2026 CMDI framework harmonises the legal framework for crisis management across all Member States of the European Union, but it shifts the existing asymmetry between the Member State of the parent undertaking and the Member State of the subsidiary in cross-border banking groups from supervision to resolution and further entrenches it, raising the cost borne by a host Member State that remains outside the Banking Union (a non-participating Member State). In the Polish banking sector, this asymmetry generates a regulatory and supervisory cost: Poland takes on the obligations of harmonisation without the reciprocal benefit, namely risk-sharing.
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Legal acts and documents
Directive (EU) 2026/806 of the European Parliament and of the Council of 30 March 2026 amending Directive 2014/59/EU as regards early intervention measures, conditions for resolution and funding of resolution action and Directive 2014/24/EU as regards valuation services in resolution (BRRD), OJ L, 2026/806, 20.4.2026, ELI: http://data.europa.eu/eli/dir/2026/806/oj.
Directive (EU) 2026/804 of the European Parliament and of the Council of 30 March 2026 amending Directive 2014/49/EU as regards the scope of deposit protection, the use of deposit guarantee scheme funds, cross-border cooperation, and transparency (DGSD), OJ L, 2026/804, 20.4.2026, ELI: http://data.europa.eu/eli/dir/2026/804/oj.
Regulation (EU) 2026/808 of the European Parliament and of the Council of 30 March 2026 amending Regulation (EU) No 806/2014 as regards early intervention measures, conditions for resolution and funding of resolution action (SRMR), OJ L, 2026/808, 20.4.2026, ELI: http://data.europa.eu/eli/reg/2026/808/oj.
Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms (BRRD), OJ L 173, 12.6.2014, p. 190.
Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund (SRMR), OJ L 225, 30.7.2014, p. 1.
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Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (CRR), OJ L 176, 27.6.2013, p. 1.
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