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)
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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
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