Amend relevant legislation in consultation with the EC, the ECB and the IMF to strengthen the early intervention framework, introduce a regime for restructuring of banks as a going concern under official control and strengthen deposit insurance framework.
At R1, this is a modified text of the structural benchmark: "Amend legislation concerning credit institutions in consultation with the EC, the ECB and the IMF to strengthen the early intervention framework and introduce a regime for restructuring of banks as a going concern under official control." This revised text also combines the structural benchmark on deposit insurance framework: "Amend the relevant legislation to strengthen deposit insurance framework by authorizing bank resolution financing and introducing depositor preference." At R2, delayed to end-December 2011.