The EU Commission approves the establishment of a national agency which constituted an impaired asset relief scheme for financial institutions (National Asset Management Agency)

Van de Casteele, Koen

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26 Feb 2010

The EU Commission approves the establishment of a national agency which constituted an impaired asset relief scheme for financial institutions (National Asset Management Agency)

KEYWORDS

Reference

EU Commission, National Asset Management Agency, Case N725/2009, 26 February 2010

"State aid: main developments between 1 January and 30 April 2010"* On 26 February 2010, the Commission approved the establishment of the National Asset Management Agency (NAMA), an impaired asset relief scheme for financial institutions in Ireland. The purpose of NAMA is to restore stability to the Irish banking system by allowing participating financial institutions to sell to the agency assets whose declining and uncertain value is preventing the long-term

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Author

Koen Van de Casteele
European Commission - DG COMP (Brussels)

Belgium 98 contributions 34142 visits

Quotation

Koen Van de Casteele, The EU Commission approves the establishment of a national agency which constituted an impaired asset relief scheme for financial institutions (National Asset Management Agency), 26 February 2010, e-Competitions February 2010, Art. N° 37451

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