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

Previous article The EU Commission grants final clearance to the Swedish aid for the restructuring of an investment bank (Carnegie Investment Bank) Next article The European Commission authorizes Danish scheme providing export loans to Danish exporters and/or their clients experiencing difficulties in accessing funding

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

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

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

Belgium 98 contributions 34066 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 State intervention, Art. N° 37451

Visites 333