Edited by François-Charles Laprévote, Joanna Gray and Francesco De Cecco
Chapter 9: The United Kingdom
This chapter describes the application of State aid rules to the United Kingdom during the financial crisis. It considers the schemes granted through bank recapitalization, the wholesale funding guarantee scheme, short-term liquidity measures, and a working capital guarantee scheme or asset-backed securities scheme. It also describes individual aid granted by the UK State to Northern Rock, Bradford & Bingley, Dunfermline Building Society, Royal Bank of Scotland and Lloyds Banking Group.
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