13.4.1 Why is this a relevant characteristic?

Beneficiary banks should take compensatory measures (i.e. measures to compensate for the competition distortions). There are different types of compensatory measures. Market-opening measures are a type of compensatory measure. The fact that the beneficiary bank will implement market-opening measures is thus a relevant characteristic.

The relevance of market-opening measures is also recognised in the Restructuring Communication. Point 33 of the Restructuring Communication stresses that the Commission will view positively measures that help to ensure that national markets remain open and contestable. An open and contestable market means that potential competitors can easily enter the market. Such markets are characterised by low entry barriers.