State aid to banks
Einde inhoudsopgave
State aid to banks (IVOR nr. 109) 2018/8.6.1:8.6.1 Why is this a relevant characteristic?
State aid to banks (IVOR nr. 109) 2018/8.6.1
8.6.1 Why is this a relevant characteristic?
Documentgegevens:
mr. drs. R.E. van Lambalgen, datum 01-12-2017
- Datum
01-12-2017
- Auteur
mr. drs. R.E. van Lambalgen
- JCDI
JCDI:ADS588230:1
- Vakgebied(en)
Financieel recht / Europees financieel recht
Mededingingsrecht / EU-mededingingsrecht
Toon alle voetnoten
Voetnoten
Voetnoten
It should be noted that an adequate remuneration is also important in the context of the assessment of burden-sharing and own contribution, since the remuneration (that the beneficiary bank pays to the State) constitutes an own contribution by the beneficiary bank.
Polish bank support scheme, para. 45; Greek bank support scheme, para. 70; Slovenian guarantee scheme, para. 37; UK bank support scheme, para. 61;
Deze functie is alleen te gebruiken als je bent ingelogd.
Beneficiary bank do not receive State aid for free: in return for the State aid, the bank has to pay a remuneration to the State. For instance, when the bank is recapitalised by the State, the bank has to pay interests or dividends to the State. Similarly, when a bank benefits from a State guarantee, it has to pay a guarantee fee to the State.
The remuneration of State aid is a key element of the compatibility-assessment.1 This is illustrated by the following recital, which can be found in several decisions:
“As regards proportionality, the distortions of competition is minimised by various safeguards. Above all, the aid amount is minimised through market orientated premiums”.2
In essence, the remuneration should be adequate. The fact that the beneficiary bank pays an adequate remuneration to the State is thus a relevant characteristic.