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German Public Banks under the Pressure of the EU Subsidy
the state-owned landesbanks (Landesbanken) and the locally owned ... public banks. However, in July 2001, a compromise was reached between the opposing parties involved under the EU government subsidy proceedings. While not disputing the ... the EC considered the liability structure to be illegal government aid is.
The State Aid Manual
Although quite comprehensive, this Manual is not a substitute for the official documentation available on the EU Commission,s website1. Officials should always make time to understand the regulations they are using and satisfy themselves that they are compliant. The manual cannot address specific circumstances nor ...
State guarantees to German public banks: a new step in the
Jun 2, 2002 ... trägerhaftung). By its acceptance, the German government formally put an end to the procedure of appropriate measures initiated in January 2001. It cleared the road to bringing the German system of State guarantees for public banks in line with the. State aid rules of the EC Treaty, thereby removing.
-FREQUENTLY ASKED QUESTIONS- published on 05 December
Dec 5, 2014 ... DISCLAIMER. This document provides some information on the terms of the InnovFin SME Guarantee and its related documentation. This document is not, and should not be construed as, a binding document. It does not provide a detailed description of any party's rights and obligations under the InnovFin ...
DRAFT LETTER TO THE GERMAN GOVERNMENT
Mar 27, 2002 ... comply with the State aid rules of the EC Treaty, of which receipt was acknowledged on. 11.5.2001 by your ... For liabilities created between 19 July 2001 and 18 July 2005, Gewährträgerhaftung will only be ... new aid from beginning of 2003 for banks falling under the legislation of the respective Land ...
The State Aid guide: guidance for state aid practitioners
3 See more on Article (108)2 Investigations on the BIS' State aid website under ' Complaints' and the. Commission's website http://ec.europa.eu/comm/ competition/state_aid/legislation/rules.html. 5 ... State guarantees5, whether of loans, coverage of losses, or through unlimited liability. State holdings in an enterprise, will ...
Europeanization as an Interactive Process: German Public Banks
German Public Banks Meet EU State Aid Policy*. * This article has greatly ..... of 22 March 1999 laying down detailed rules for the application of Article 93 of the EC Treaty). 14 See Article 20, .... 21 It seems that Commission officials became aware by accident of the unlimited liability implied by state guarantees. In fact it was ...
State Aid to Banks and Credit for SMEs: Is there a Need for
Feb 18, 2015 ... ailing banks that receive State aid to maintain or to provide additional access to finance small and ..... Lending to SMEs could be legally justified as a condition to State aid under the existing ...... Council Regulation (EU) No 734/2013, amending Regulation (EC) No 659/1999 laying down detailed rules for.
BANK STATE AID IN THE FINANCIAL CRISIS
Oct 25, 2010 ... BANK STATE AID. IN THE FINANCIAL CRISIS. FRAGMENTATION OR. LEVEL PLAYING FIELD? A CEPS TASK FORCE REPORT. CHAIR: ALASTAIR SUTTON ..... European Commission under the state aid rules. At the height of the crisis, .... including foreign-owned banks; and. -. Governments can take ...
bank resolution and “bail-in” in the eu: selected case studies pre and
EU state aid rules. A common objective for authorities throughout the resolution processes was to ensure uninterrupted access to banks' deposits and critical functions ... differently under the provisions of the BRRD, with clearer bail-in requirements and larger ... retail bond holders, or liabilities guaranteed by a regional state.
Acting in the public interest
act efficiently under these multiple regulations, promotional banks face the task of maintaining steadily and reliably the balance between mar- ket and state. .... to state aid laws with regard to their customers. Additionally, they must adhere to many other public regulations. Besides being under the legal supervision of its ...
Brexit: Implications for State Aid/Control of Subsidies
Nov 22, 2016 ... 27 EU Member States—are subject to the discipline imposed by EU State aid law , briefly summarized below. If a “hard Brexit” occurs, with the UK leaving ... what degree it wishes to impose discipline akin to EU State aid rules on subsidies granted to UK .... restructure banks or to roll out digital infrastructure).
Bart De Meester
owned banks with a commercial presence in the territory of the WTO Member that adopts the .... provision of government guarantees for bank liabilities.5 The support to large banks that suffered from the .... restructuring measures in the financial sector in the current crisis under the State Aid rules, OJ 2009 C. 195/9, at 18.).
JUDGMENT OF THE COURT 7 April 2006 In Case E-9/04, The
Apr 7, 2006 ... (Action for annulment of a decision of the EFTA Surveillance Authority – State guarantee for a publicly owned institution – State aid – Services of General Economic Interest –. Decision not to raise ... Icelandic banks generally did not provide funding for private housing. At this time, the State Housing Agency ...
Framing Banking Union in the Euro Area
supporting 'their' banks with massive state aids, which distorts the playing field and feeds the risk-aversion ... with moral hazard in a common currency area: a common (unlimited) financial backstop to a privately funded ..... The discussion of common rules in the EU is still under way, after a first draft proposal was released in ...
Subject to State Aid
Sep 3, 2015 ... The Role of State Aid in the. Banking Union. Theo Kiriazidis*. Head of the Research Department. Hellenic Deposit and Investment Guarantee Fund ..... State Aid: •Financial Stability. • Disproportionate Results. BRRD: • Exceptional exclusion of liabilities (Art. 44 (3)). State Aid Rules. BRRD. Transitional.
ASTUTE 2020 Research, Development and Innovation Scheme
State aid reference no: SA.42700 ... EC legal basis: All aid provided under this Scheme will be within the limits set out in Articles 25 to 30 of. Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring certain categories ..... non-economic activities, public funding only falls under State aid rules where it covers costs.
E-News Issue 59
Mar 11, 2016 ... website for earlier editions. • Latest CJEU, EFTA and ECHR. • Referrals to CJEU. • State Aid. • EU Institutions. • OECD. • Local Law and. Regulations. • Local Courts ... apply for unlimited tax liability in order to benefit from a higher tax .... 2000/78/EC) are met by tax legislation which allows, under certain.
National rescue measures in response to the current financial crisis
Jul 8, 2009 ... In addition, individual measures with regard to individual banks are included in the country chapters. .... Commission examined, under State aid rules, the national rescue packages introduced by the ... This reform took place in the framework of Directive 2009/14/EC of the European Parliament and of the.
The cost of interventions in the financial sector since 2008 in the EU
Apr 6, 2017 ... disturbance in the economy of a Member State – is that which lays down the legal grounds for aid received by the financial sector over the course of recent years. The European Commission (EC), which is responsible for the application of these rules, had to authorise several specific instances of State aid to ...