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Europe Daily Bulletin No. 12219

22 March 2019
Contents Publication in full By article 23 / 29
COURT OF JUSTICE OF THE EU / Banks
Support measures of Italian FITD bank deposit guarantee fund does not constitute State aid, according to Court
Brussels, 21/03/2019 (Agence Europe)

The General Court of the European Union annulled the European Commission's decision of December 2015 according to which support measures for one of its members by the Fondo Interbancario di Tutela dei Depositi (FITD) - a consortium of banks governed by private law acting as a mutual benefit body - constituted State aid under the Treaty on the Functioning of the EU, in a judgment delivered on Tuesday, 19 March (joined cases T-98/16, T-196/16, T-198/16). 

In 2013, the Italian bank Banca...

Contents

EUROPEAN COUNCIL
INSTITUTIONAL
ECONOMY - FINANCE - BUSINESS
SECTORAL POLICIES
SOCIAL AFFAIRS
EXTERNAL ACTION
COURT OF JUSTICE OF THE EU
NEWS BRIEFS