Research Handbook on State Aid in the Banking Sector
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Research Handbook on State Aid in the Banking Sector

Edited by François-Charles Laprévote, Joanna Gray and Francesco De Cecco

The Research Handbook on State Aid in the Banking Sector brings together experts in state aid and in financial regulation, drawn from legal academia, legal practice, economics, and from the EU and EEA institutions to shed light on this relationship. The editors and expert contributors do this by elucidating key concepts that underpin the application of state aid law to banks, and by considering specific aspects of the interface between state aid and financial regulation. The Research Handbook's analysis is complemented by a number of key country-based case studies, and by a concluding section which takes stock of the Banking Union’s package of legislative/regulatory reforms and reflects on the possible future role of state aid in this sector.
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Chapter 3: State aid and the financial sector: the evolution of the legal framework of State aid law

Violeta Iftinchi

Abstract

Since the beginning of the financial crisis, the European Commission has acted quickly by flexibly adapting the application of State aid control to the special crisis context. Between 2008 and 2013, the Commission adopted seven communications that provide a comprehensive framework for common conditions at EU level for access to public support and the requirements for such aid to be compatible with the internal market in light of State aid principles. This chapter presents the evolution of the legal framework of State aid law and the developments introduced by the seven communications. It also presents the interaction between the State aid rules and the new resolution framework (Bank Resolution and Recovery Directive and Single Resolution Mechanism).

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