The EU Commission finds that a Croatian scheme to save banks in financial distress is compatible with State aid rules and the Directive on bank recovery and resolution (Resolution scheme for small credit institutions with total assets below EUR 1.5 billion)

* Article published on StateAidHub: http://stateaidhub.eu, republished in e-Competitions with the courtesy of the author. The original title of this article appears below the e-Competitions title. Authors are welcome to write an alternative article on this case/text, provided they have no relationships with a party or related third party. Article will need e-Competitions Board approval before publication.

Bank Resolution Has to Comply with State Aid Rules as well as the Banking Recovery and Resolution Directive* Insurance funds contributed by banks become state resources if they are managed by public agencies. Sale of non-performing loans at market prices does not involve State aid. Introduction Since 1 January 2016, the resolution financial institutions in Europe has been subject to stricter rules. The institutions which are established in the Eurozone fall with the jurisdiction of the Single Resolution Mechanism that was set up by Regulation 806/2014. Those institutions which are established in Member States outside the Eurozone have to comply with the almost identical provisions of Directive 2014/59 on the recovery and resolution of banks. The rescue or restructuring of any bank

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

Quotation

Phedon Nicolaides, The EU Commission finds that a Croatian scheme to save banks in financial distress is compatible with State aid rules and the Directive on bank recovery and resolution (Resolution scheme for small credit institutions with total assets below EUR 1.5 billion), 5 October 2016, e-Competitions October 2016, Art. N° 89932

Visites 79

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues