Einde inhoudsopgave
State aid to banks (IVOR nr. 109) 2018/Annex VII
Annex VII: Viability-measures
mr. drs. R.E. van Lambalgen, datum 01-12-2017
- Datum
01-12-2017
- Auteur
mr. drs. R.E. van Lambalgen
- JCDI
JCDI:ADS600086:1
- Vakgebied(en)
Financieel recht / Europees financieel recht
Mededingingsrecht / EU-mededingingsrecht
Voetnoten
Voetnoten
More information on the Restructuring Decisions can be found in the table in annex III. In that table, the Restructuring Decisions are highlighted (in bold).
NB: remuneration restrictions are mentioned in para. 37 of the Opening Decision (of 30 June 2009).
Ownership structure.
It is indirectly mentioned, since TT Hellenic Postbank was integrated into Eurobank, which committed to improve its risk management, corporate governance, etc.
NB: remuneration restrictions were included in the Greek support scheme, N560/2008, para. 19a and 19b.
It is indirectly mentioned, since Nea Proton Bank was integrated into Eurobank, which committed to improve its risk management, corporate governance, etc.
NB: remuneration restrictions were included in the Greek support scheme, N560/2008, para. 19a and 19b.
NB: Management changes and remuneration restrictions are mentioned in para. 66 of the decision of 26 June 2009 on Anglo Irish Bank.
NB: Management changes and remuneration restrictions are mentioned in para. 66 of the decision of 26 June 2009 on Anglo Irish Bank.
This was addressed in the section titled “8.1.1.3. Remuneration of the aid measures granted”.
See: UK support scheme, para. 12a.
The following table gives an overview of the characteristics that are relevant to the viability-assessment. This table lists six relevant characteristics (discussed in sections 11.2 to 11.7) and 90 bank State aid cases. For each bank State aid case, it is indicated whether the Commission took into account that the case was characterised by the relevant characteristic.
In the table, the following symbols are used:
The number indicates in which recital of the Restructuring Decision1 the relevant characteristic is mentioned.
The letters indicate whether the relevant characteristic was mentioned inthe description-part (“D”) or in the assessment-part of the decision. A further distinction is made between the assessment of the viability (“v-A”), burden- sharing (“b-A”) and competition distortions (“c-A”).
The dash (“-”) means that the relevant characteristic is not mentioned in the decision.
The asterisk (“*”) means that the relevant characteristic is not mentioned in the Restructuring Decision, although there are indications that the case was characterised by the relevant characteristic.
When the decision explicitly mentions that the case is not characterised by a relevant characteristic (for instance the decision mentions that the bank did not have funding problems), this is indicated in italics.
Since remuneration restrictions are sometimes mentioned in the context of the corporate governance framework and sometimes in the context of cost- cutting (see section 11.4.3.1), the table indicates whether this is the case.
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost-cutting
OVAGC
-
Annex 8.6
71 D, annex 8.6 (corp. gov.)
-
46-48 D, 103 v-A
60 D, 112 b-A
BAWAG C
24 D
-
-
-
87 v-A (no funding problem)
-
Hypo TirolC
-
36 D, 59 v-A, annex 17
-
59
-
-
HGAAS/C/W
-
-
-
60 D, 148 c-A
66 D, 113 v-A, 116 v-A, 119 v-A
-
KA (2011)S/C/W
89 b-A
-
-
-
67 v-A
81 v-A
KA (2013)W
-
-
-
-
-
-
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost- cutting
KBCC
-
-
69 D, annex point vii (corp. gov.)
-
49 D, 147 v-A (no funding problem)
-
EthiasC
-
119 v-A
120 v-A (corp. gov.)
44 D, annex 1.2
-
49 D, 131 b-A
Fortis (2008)S/C/T/C
80 v-A 95 c-A
-
96 c-A (no restriction needed)
-
84
-
Dexia (2010)C
-
-
219 c-A, annex point 10
-
175
74 D
Dexia (2012)S/C/T/W
-
276, 284, 345
291 118, 621, 683
285
558
550 v-A
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost- cutting
FIBC
-
50 D, 98-102 v-A
-
36 D, 49 D, 94-97 v-A
39 D
45-46 D, 90 v-A, 121 b-A
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost- cutting
CCB (2014)C
119 v-A
50-55 D, 118 v-A
147 b-A (cost-cutting), annex point 30 (“operational efficiency”)
122 v-A
-
129-131 v-A
CCB (2015)C
-
86 v-A
108 b-A (cost-cutting)
86 v-A
-
108 b-A
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost- cutting
Amager- bankenS/T/W
58 D
-
-
-
-
-
Eik BankiS/T/W
-
-
-
-
-
-
Fionia BankS/T/W
-
-
-
-
-
-
Roskilde BankS/T/W
-
-
-
-
-
-
FIH Holding C
-
Annex 5.7
-
-
137 c-A
-
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost- cutting
CIFW
-
-
Annex point 2-d
-
-
-
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost- cutting
BayernLBC
-
190-193 v-A,annex point 21
211 c-A (behavioural restraint), annex points 23-24
-
176 v-A
175 v-A
CommerzbankC
-
101 v-A
37 D, 101 v-A (corp. gov.)
63 D 100 v-A
60 D (no funding problem)
37 D
HREC
63 D
85 A
-
86 A, 97 v-A
62 D, 66 D, 91 v-A
108 v-A
HSH NordbankC
-
180 A, annex point 11
Annex 12.1 (corp. gov.)
226 v-A
66 D, 70 D
56 D
IKBC
113 c-A
-
-
98 v-A
50 D
99 v-A
LBBWC
-
27-29 D, 84-87 v-A
*2
76, 90 v-A
37 D, 72 v-A (no funding problem)
81 v-A
NordLB C
-
-
Annex point 14
-
141 v-A (no funding problem)
151 b-A
Sachsen LBT
126 c-A
-
-
Footnote 15
-
-
Sparkasse KolnBonnC
-
37-41 D, 80 v-A
-
-
-
88 b-A
WestLB (2009)C
-
68-69 v-A *3
-
75 v-A
-
32 D, 75 v-A, 86 c-A
WestLB (2011)W
-
-
-
-
-
65 D, 84 D
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost- cutting
Alpha BankC
-
121 D, 276 v-A, annex chapter III
121 D, 292 b-A, annex chapter II point 12
Annex chapter III
271-273 v-A
292 b-A
EurobankC
-
130 D, 373 v-A, annex chapter III
130 D, 391 v-A, 402 b-A, annex chapter II point 13
Annex chapter III
368-370 v-A
390 b-A
Pireaus BankC
-
141 D, 333 v-A, annex chapter III
141 D, annex chapter II point 13
Annex chapter III
328-330 v-A
346 b-A
National Bank of Greece C
-
156 D, 383 v-A, annex chapter III
156 D, 397 b-A, annex chapter IIpoint 13
Annex chapter III
378-380 v-A
397 b-A
TT Hellenic Postbank S/T/W
-
*4
*5
*
*
*
Nea Proton BankS/T/W
-
*6
*7
220
*
*
ATE (2011)C
-
42 D, annex 14
28 D (cost-cutting)
28 D
63 v-A
28 D, 42 D, 75 v-A
ATE (2013)S/T/W
-
-
-
-
-
35 D
Panellinia BankS/T/W
-
-
-
-
-
*
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost- cutting
FHBC
-
-
89 c-A
-
44 D, 73-75 v-A
-
MKBC
-
-
73 D, 121 b-A
64 D, 113 v-A
-
43 D, 63 D, 113 v-A
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost- cutting
Anglo/ INBSW
*8
-
*9
-
-
-
AIB/EBS C
50 D
-
*10
-
108 v-A
50 D, 54 D, 67 D, 110 v-A
BOI (2010)C
-
86 D, 155 D
86 D (“risk management”)
86 D
207
-
BOI (2011)C
-
61 D, 211
61 D
61 D
51 D, 130 v-A
60 D
IL&P (PTSB)C
-
-
21 D (cost-cutting)
-
70 v-A
21 D, 73 v-A
Quinn InsuranceS/T/W
46 D
-
-
-
-
-
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost- cutting
MPSC
-
72-73 D, 129-130 v-A
76 D (“behavioural safeguards”)
62 D
127 v-A
50-52 D, 118-119 v-A, 143 b-A
BRCS/T/W
-
-
-
-
-
-
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost- cutting
Parex bankaS/C/W
136 v-A
38 D, 136 v-A
-
39 D, 136 v-A
41 D
42 D
MLBS/T/W
-
-
-
-
-
-
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost- cutting
LCCUC
-
-
24 D, 58 b-A, 66 c-A
15 D, 22 D, 47 v-A
-
-
AB Ukio Bankas S/T/W
11 D
75 v-A
-
75 v-A
-
-
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost- cutting
Kaupthing Bank LuxembourgS/T/W
-
-
-
-
70 v-A
-
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost- cutting
ABN AMROC
-
-
-
-
305
83 D
INGC
-
-
59 D (corp. gov.), 90 D, 129 v-A (corp. gov.)
-
75 D (no funding problem)
51 D, 128 v-A
SNS REAAL (2010)C
-
48 D
48 D
47 D
49 D (no funding problem)
30 D
SNS REAAL (2013)
13 D, 84 v-A
-
51 D, 84
-
79 v-A
Annex I
AegonC
-
-
-
-
-
54 D
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost- cutting
CGDC
-
Annex 6.5
Annex 6.6
-
-
28-29 D, 62 v-A
BPIC
-
-
Annex 5.4
-
76 v-A
38-40 D
BCPC
-
87 v-A
Annex 4.5
87 v-A
37
37 D
BPNT
200 v-A, 238 b-A
-
-
43, 77
208
201 v-A
BESS/C/W
-
Annex section II.1
Annex section II.2, 40 D, 93 A
Annex section II.1
-
-
BanifS/T/W
-
-
-
-
-
151 v-A
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost- cutting
Abanka C
-
15, 32, 48, 109-113 v-A Annex 8
48 D (corp. gov.), 111 v-A (corp. gov.), 142 b-A (cost-cutting), annex 8-vii (corp. gov.)
32 D, 49, 114-119, annex 9
107 v-A (no funding problem)
132 v-A, 142 b-A
Abanka/ Banka CeljeC
-
138-142 v-A
140 v-A (corp. gov.) 170 (cost-cutting)
143-148 v-A
-
160 v-A, 170 b-A
NKBMC
101 v-A
104-108 v-A, Annex 6
28 D (corp. gov.), 41 D (burden sharing), 106 v-A (corp. gov.), annex 6.9 (corp. gov.)
109-112 v-A
-
126 v-A,
NLBC
-
128-131 v-A
39 D (corp. gov.), 130 v-A (corp. gov.), annex 9.8
132-135 v-A
142 v-A
146 v-A, 157 b-A
Factor BankaW
-
-
-
-
-
-
ProbankaW
-
-
-
-
-
-
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions
Risk management
Funding strategy
Cost- cutting
Catalunya Banc C
166 v-A
17, 166 v-A
Annex 7.3
166
171
166 v-A, 174 b-A
NCG BancoC
160 v-A
13, 160 v-A
Annex 7.4
160 v-A
167 v-A
160 v-A, 173 b-A
BFAC
190 v-A
18, 190 v-A
215(i) A Annex 7.4
-
196-198
190 v-A, 201 b-A
Banco Mare Nostrum C
-
14
Annex 7.4
-
50, 141
134 v-A, 149 b-A
LiberbankC
-
Only in the title of annex 8
Annex 8.4
122, 124
123 v-A
131 b-A
Banco de Valencia T
-
-
-
-
165 v-A
-
Banco CAMT
157 b-A
-
-
-
138 v-A
-
UNNIM BancT
-
-
-
-
154 v-A
-
Cajatres T
-
136, Annex 8.3
Annex 8.3
136
145 v-A (no funding problem)
138 v-A, 154 b-A
Banco GallecoT
-
16
-
-
113 v-A
-
CajaSur T
82 b-A
92 A*11
-
-
-
-
CCMT
17 D
-
-
-
155 v-A
155 v-A
Banco CEISSC
-
13
Annex 8.4
142
147-148 v-A
142 v-A, 154 b-A
Bank
Replacement of senior management
Corporate Governance
Remuneration restrictions12
Risk management
Funding strategy
Cost- cutting
LBGC
75 D
39 D, 139 v-A
-
39 D, 139 v-A
147
68 D
RBSC
65 D, 189 v-A
-
64 D, 106 D, 208 v-A
191 v-A
188
57 D, 64 D, 191 v-A
B&BS/T/W
-
-
-
-
-
-
NRS/C/W
-
-
-
-
130 v-A
-
Dunferm-line S/T/W
-
-
-
-
-
98 v-A