Public funding of failing banks in the European Union (LBF vol. 19) 2020/3.7:3.7 Treatment of the beneficiary bank

Public funding of failing banks in the European Union (LBF vol. 19) 2020/3.7

3.7 Treatment of the beneficiary bank

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The 2013 Banking Communication provides that a bank that receives State aid of a structural nature or, in certain circumstances, of a non-structural nature needs to restructure. If it is clear that restructuring will not lead to a restoration of the long-term viability of the beneficiary bank, the bank will need to be liquidated. This section discusses which requirements are imposed when a bank is restructured or wound up in normal insolvency proceedings.

Since the start of the GFC in 2008 until December 2014, the Commis sion has approved restructuring plans for 56 banks, agreed on plans for orderly wind up for 33 banks, and reviewed the viability of 14 others without further need for a restructuring plan.1

3.7.1 Restructuring3.7.2 Liquidation

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