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The Implications Of Brrd Adoption For The State Aid From Financial And Banking System

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  • Andreea-Emanuela Drăgoi

Abstract

It is now of common knowledge that the occurrence of the global economic crisis reshaped the EU state aid policy and, as a consequence, immediately after 2009 a series of special regulations concerning measures and schemes granted for stabilizing the financial and banking sector has been adopted. One of these regulations was the BRRD Directive (Bank Recovery and Resolution Directive) which allowed the creation of a common European framework regarding the tools for bailout in the banking system in order to ensure business continuity of banks, credit institutions and investment firms. If before BRRD adoption the Member States have granted several state aid for rescue and restructuring in the banking sector, after its enforcement a number of restrictive conditions had to be met for such aid to be granted minimizing the risks of competition distortion and the costs for taxpayers. Based on these realities, this research aims to highlight, through a qualitative and quantitative analysis, the implications of BRRD, three years after its adoption, for the control of state aid granted by the Member States for the financial and banking sector.

Suggested Citation

  • Andreea-Emanuela Drăgoi, 2017. "The Implications Of Brrd Adoption For The State Aid From Financial And Banking System," Euroinfo, Institute for World Economy, Romanian Academy, vol. 1(2), pages 27-35, February.
    • Handle: RePEc:iem:eurinf:v:1:y:2017:i:2:p:27-35
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