 THE IMPLICATIONS OF BRRD ADOPTION FOR THE STATE AID FROM FINANCIAL AND BANKING SYSTEMAndreea-Emanuela Drăgoi Euroinfo, 2017, vol. 1, issue 2, 27-35 Abstract: It is now of common knowledge that the occurrence of the global economic crisis reshaped the EU state aid policy and, as a consequence, immediately after 2009 a series of special regulations concerning measures and schemes granted for stabilizing the financial and banking sector has been adopted. One of these regulations was the BRRD Directive (Bank Recovery and Resolution Directive) which allowed the creation of a common European framework regarding the tools for bailout in the banking system in order to ensure business continuity of banks, credit institutions and investment firms. If before BRRD adoption the Member States have granted several state aid for rescue and restructuring in the banking sector, after its enforcement a number of restrictive conditions had to be met for such aid to be granted minimizing the risks of competition distortion and the costs for taxpayers. Based on these realities, this research aims to highlight, through a qualitative and quantitative analysis, the implications of BRRD, three years after its adoption, for the control of state aid granted by the Member States for the financial and banking sector. Keywords: rescue and restructuring state aid; competition policy; BRRD; EU (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:iem:eurinf:v:1:y:2017:i:2:p:27-35 Access Statistics for this article Euroinfo is currently edited by Simona Moagar Poladian, PhD More articles in Euroinfo from Institute for World Economy, Romanian Academy Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.