Public funding of failing banks in the European Union
Einde inhoudsopgave
Public funding of failing banks in the European Union (LBF vol. 19) 2020/5.4.1.4:5.4.1.4 Compatibility with the State aid regime
Public funding of failing banks in the European Union (LBF vol. 19) 2020/5.4.1.4
5.4.1.4 Compatibility with the State aid regime
Documentgegevens:
M. Louisse-Read, datum 01-06-2020
- Datum
01-06-2020
- Auteur
M. Louisse-Read
- JCDI
JCDI:ADS213971:1
- Vakgebied(en)
Financieel recht / Europees financieel recht
Staatssteun (V)
Deze functie is alleen te gebruiken als je bent ingelogd.
As set out in section 3.3.1.3, ELA constitutes State aid unless the cumulative conditions set out in point 62 of the 2013 Banking Communication are met. If these cumulative conditions are not met, ELA qualifies as State aid. In that case, the award thereof can only take place if the Commission considers this to be compatible with the internal market. For example, ELA granted under a counter-guarantee of a Member State qualifies as State aid.