Public funding of failing banks in the European Union
Einde inhoudsopgave
Public funding of failing banks in the European Union (LBF vol. 19) 2020/4.7.1:4.7.1 Restructuring
Public funding of failing banks in the European Union (LBF vol. 19) 2020/4.7.1
4.7.1 Restructuring
Documentgegevens:
M. Louisse-Read, datum 01-06-2020
- Datum
01-06-2020
- Auteur
M. Louisse-Read
- JCDI
JCDI:ADS213899:1
- Vakgebied(en)
Financieel recht / Europees financieel recht
Staatssteun (V)
Deze functie is alleen te gebruiken als je bent ingelogd.
Section 3.7.1, discussed that the award of State aid to failing banks is, in principle, accompanied by a restructuring obligation. This is set out in a restructuring plan and can imply structural, behavioural or corporate governance measures. The restructuring is meant to limit distortion of competition and/or to safeguard the return to long-term viability. Under the resolution framework, no such explicit general restructuring obligation exists, unless the bail-in tool is used for recapitalisation purposes. However, the resolution framework provides for the possibility to impose an ex ante restructuring obligation through the recovery and resolution plan processes.
4.7.1.1 Recovery and resolution plan4.7.1.2 Business reorganisation plan4.7.1.3 Removal or replacement of the management body and senior management4.7.1.4 Continuity arrangements