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Banking Crises and State Aid Discipline

In: The European Banking Union

Author

Listed:
  • Giuseppe Boccuzzi

    (Interbank Deposit Protection Fund)

Abstract

During the financial crisis, State interventions to rescue ailing banks were justified by the need to preserve financial stability and led the EU authorities to revise their policy and methodological approach to State aid, whilst maintaining consistency with the provisions of the Treaty on the Functioning of the EU (TFEU). More precisely, the general principles and rules in this area have undergone extensive adaptation to meet the needs resulting from the systemic bank failures that occurred at that time, unprecedented in the history of the European banking sector.

Suggested Citation

  • Giuseppe Boccuzzi, 2016. "Banking Crises and State Aid Discipline," Palgrave Macmillan Studies in Banking and Financial Institutions, in: The European Banking Union, chapter 6, pages 154-164, Palgrave Macmillan.
  • Handle: RePEc:pal:pmschp:978-1-137-55565-6_7
    DOI: 10.1057/9781137555656_7
    as

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