login
login

Europe Daily Bulletin No. 10885

11 July 2013
ECONOMY - FINANCE - BUSINESS / (ae) state aid
Third revison of aid rules for failing banks

Brussels, 10/07/2013 (Agence Europe) - Struggling banks must draw up a sound plan for restructuring or orderly winding-down before they can receive public recapitalisations or asset protection measures. Moreover, in the case of capital shortfalls, bank owners and junior creditors will be required to contribute and bank bonuses must be capped before banks can ask for public funding. The new rules on state aid for failing banks, unveiled by the European Commission on Wednesday 10 July, will...

Contents

ECONOMY - FINANCE - BUSINESS
SECTORAL POLICIES
EXTERNAL ACTION
INSTITUTIONAL