State aid to banks
Einde inhoudsopgave
State aid to banks (IVOR nr. 109) 2018/3.4.1:3.4.1 The Crisis Framework
State aid to banks (IVOR nr. 109) 2018/3.4.1
3.4.1 The Crisis Framework
Documentgegevens:
mr. drs. R.E. van Lambalgen, datum 01-12-2017
- Datum
01-12-2017
- Auteur
mr. drs. R.E. van Lambalgen
- JCDI
JCDI:ADS589384:1
- Vakgebied(en)
Financieel recht / Europees financieel recht
Mededingingsrecht / EU-mededingingsrecht
Toon alle voetnoten
Voetnoten
Voetnoten
The Commission applied the R&R-guidelines that were in force at that time. In 2014, the Commission adopted new guidelines on rescue and restructuring aid; these are referred to as the “2014 R&R-guidelines”.
In a few decisions, the Commission used the term “Crisis Communications”. See, for instance, Alpha Bank, 26 November 2015, para. 74. Also the 2013 Banking Communication speaks of “Crisis Communications”.
Deze functie is alleen te gebruiken als je bent ingelogd.
State aid to firms in difficulty is normally assessed under the Rescue and Restructuring-guidelines (the “R&R-guidelines”). Accordingly, the first few State aid banking cases were assessed under these R&R-guidelines.1 However, the R&R-guidelines were not appropriate in a crisis situation, because they did not take into account the systemic effects of a bank failure. Therefore, on 13 October 2008, the Commission adopted the Banking Communication. This was the first of several Communications in which the Commission provided guidance. The other Communications were the Recapitalisation Communication, the Impaired Assets Communication and the Restructuring Communication. Together, these Communications constitute the Crisis Framework.2 In addition, the Commission adopted the First Prolongation Communication, followed by the Second Prolongation. As the name of these Communications indicate, these Communication prolonged the Crisis Framework. In 2013, the Commission adopted a new Banking Communication (the “2013 Banking Communication”) which replaced the original Banking Communication (now referred to as the “2008 Banking Communication”).
3.4.1.1 The 2008 Banking Communication3.4.1.2 The Recapitalisation Communication3.4.1.3 The Impaired Assets Communication3.4.1.4 The Restructuring Communication3.4.1.5 The First Prolongation Communication3.4.1.6 The Second Prolongation Communication3.4.1.7 The 2013 Banking Communication