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State aid and the financial sector: the evolution of the legal framework of State aid law

In: Research Handbook on State Aid in the Banking Sector

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  • Violeta Iftinchi

Abstract

Since the beginning of the financial crisis, the European Commission has acted quickly by flexibly adapting the application of State aid control to the special crisis context. Between 2008 and 2013, the Commission adopted seven communications that provide a comprehensive framework for common conditions at EU level for access to public support and the requirements for such aid to be compatible with the internal market in light of State aid principles. This chapter presents the evolution of the legal framework of State aid law and the developments introduced by the seven communications. It also presents the interaction between the State aid rules and the new resolution framework (Bank Resolution and Recovery Directive and Single Resolution Mechanism).

Suggested Citation

  • Violeta Iftinchi, 2017. "State aid and the financial sector: the evolution of the legal framework of State aid law," Chapters, in: François-Charles Laprévote & Joanna Gray & Francesco De Cecco (ed.), Research Handbook on State Aid in the Banking Sector, chapter 3, pages 54-84, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15935_3
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    Keywords

    Economics and Finance; Law - Academic;

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