Extension of Crisis-Related State Aid Rules for Banks as Eurozone Economies Continue to Lurch

Posted by D. Daniel Sokol

Davina Garrod and Alastair Mackay (both Bingham McCutchen) have written on Extension of Crisis-Related State Aid Rules for Banks as Eurozone Economies Continue to Lurch.

ABSTRACT: The European Commission issued a Communication on 1 December, 2010 setting out the parameters for the ongoing temporary acceptability of crisis-related assistance to banks as from 1 January 2011, in effect prolonging the four existing ‘Banking Crisis’ Communications published as the financial crisis intensified in the months following the collapse of Lehman Brothers.