Eurocrats say they first want all 27 members of the European Union to adopt the same procedures for bank resolution and deposit guarantees (with arrangements for cross-border co-operation).

ECONOMIST: Charlemagne

This should have access to joint resolution funds and deposit guarantees (financed at least in part by the industry itself) and some kind of a European fiscal backstop.

ECONOMIST: Charlemagne

The mutualisation of risk may have to encompass a euro-zone bank-resolution fund as well as a joint deposit-insurance scheme.

ECONOMIST: Charlemagne

Another thorny issue would be trying to raise money for common deposit-insurance and bank-resolution funds.

ECONOMIST: The euro crisis

Aspirations to move towards harmonised deposit-guarantee schemes and bank-resolution mechanisms cause even more alarm.

ECONOMIST: Plans for common supervision could easily turn messy

If I don't return the car in time, or damage it, the contract will automatically be referred by the owner to an adjudication panel who can use my deposit or the owners bond to finance resolution.

BBC: Future visions: A new way for e-commerce

There was no agreement to euro-wide deposit insurance or to a common bank-resolution scheme.

ECONOMIST: The euro crisis: Inching towards integration | The

They are considering concrete steps towards a more centralized framework for supervision and resolution, which will in turn permit greater risk sharing on recapitalization and deposit insurance.

WHITEHOUSE: Press Briefing by Jay Carney and Ben Rhodes

The focus now, he said on March 18th, should be on giving the government the tools to prevent a repeat: resolution authority over non-banks, similar to the power the Federal Deposit Insurance Corporation has to shake up sick banks.

ECONOMIST: American International Group

At a minimum there must be a euro-zone-wide system of deposit insurance and oversight, with collective resources for the recapitalisation of endangered institutions and regional rules for the resolution of truly failed banks.

ECONOMIST: The future of the European Union