On Thursday 21 September, the European Commission concluded that the support granted to the Banca Tercas savings bank by the Italian mandatory deposit guarantee scheme did not constitute State aid.
The EU institution drew this conclusion after carrying out a reassessment following a judgment of the Court of Justice of the European Union confirming that it had erred in law in this case.
In December 2015, the Commission found that support granted by the Italian Fondo Interbancario di Tutela...