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Bank state aid in the financial crisis: fragmentation or level playing field? CEPS Task Force Report, October 2010

Lannoo, Karel and Napoli, Chris. (2010) Bank state aid in the financial crisis: fragmentation or level playing field? CEPS Task Force Report, October 2010. UNSPECIFIED.

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    Abstract

    This CEPS Task Force report analyses, from different perspectives, the huge amounts of aid that were given to the financial sector in the EU in response to the financial crisis. It finds that that there are vast differences in the way member states have offered and implemented aid to the financial sector, calling into question the coherence of the single market. It also discusses the approach followed by the European Commission on the basis of the competences foreseen in the EU Treaty and poses some alternative options. A final section examines state aid in the global context, questioning whether the existing international tools for ensuring a level playing field for banks are sufficient, given the global nature of the industry.

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    Item Type: Other
    Subjects for non-EU documents: Other international institutions > GATT/WTO
    EU policies and themes > External relations > international economy
    EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    Other international institutions > G7/G8/G20
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Task Force Reports
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 10 Nov 2010
    Page Range: p. 90
    Last Modified: 15 Feb 2011 18:38
    URI: http://aei.pitt.edu/id/eprint/15134

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