CPI Europe Column edited by Anna Tzanaki (Competition Policy International) presents:
Banks and State aid control in the EU: four years (and more?) of Temporary Framework by Francois-Charles Laprevote (Cleary Gottlieb)
In our inaugural edition of CPI’s Europe column, we mark the fourth anniversary of the EU’s Temporary Framework on state aid rules. With a continuing financial crisis in Europe, state aid control in the banking sector has intensified for political, legal and pragmatic reasons.
Francois-Charles Laprevote (Cleary Gottlieb) discusses: i) how the “sovereign” crisis has impacted the application of the state aid control regime; ii) the monitoring of commitments and modifications to bank restructuring plans; iii) banks’ winding up and divestitures processes; and iv) competition analysis in state aid control cases as well as policy goals and the role of the European Commission in this area. We hope you delve into the discussion and enjoy!