Public funding of failing banks in the European Union
Einde inhoudsopgave
Public funding of failing banks in the European Union (LBF vol. 19) 2020/2.6.2.2:2.6.2.2 Member State support
Public funding of failing banks in the European Union (LBF vol. 19) 2020/2.6.2.2
2.6.2.2 Member State support
Documentgegevens:
mr. M. Louisse-Read, datum 01-06-2020
- Datum
01-06-2020
- Auteur
mr. M. Louisse-Read
- JCDI
JCDI:ADS213748:1
- Vakgebied(en)
Financieel recht / Europees financieel recht
Staatssteun (V)
Toon alle voetnoten
Voetnoten
Voetnoten
EC, 20 December 2012, COM(2012) 9878 final (SA.34536 – Banco CEISS), par. 33.
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If the NPE strategy options do not work, Member States can support banks through so-called asset relief measures (or impaired asset measures). These include aid in the form of guarantees (under which – part of the – losses on assets are guaranteed) or asset purchases.
For example, Banco CEISS benefitted from an impaired asset meas ure whereby it transferred assets to an asset management company. The aim of that measure was to remove uncertainty about the future value of its most problematic asset portfolio and to allow Banco CEISS to concentrate on the implementation of its restructuring plan.1