Friday, 16 January 2009

EU state aid: Recapitalisation of banks

This is just a short note, saying that the European Commission has published its new Communication The recapitalisation of financial institutions in the current financial crisis: limitation of aid to the minimum necessary and safeguards against undue distortions of competition, in the Official Journal of the European Union (OJEU 15.1.2009 C 10/2).

The Communication is available here:

After the Commission’s Banking Communication of 13 October 2008 (The application of State aid rules to measures taken in relation to financial institutions in the context of the current global financial crisis), the new complementing Communication provides guidance for new recapitalisation schemes and opens the possibility for adjustment of existing recapitalisation schemes.

Ralf Grahn