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State Aid for the Banking Sector:

What has Changed After the New BRRD and SRM Regulation?

Maria Rosaria Miserendino

DOI https://doi.org/10.21552/estal/2018/2/5

Keywords: State aid, Single Resolution Mechanism Regulation, BRRD, Resolution procedure, Precautionary recapitalisation

The object of this work is the analysis of the issues which arose after the coming into force of the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRM); in particular, the (new) role of the European Commission (EC) on State aid for the Banking Sector. This work analyses the complex procedure of resolution created after the Single Resolution Mechanism Regulation and the cooperation between the Commission and the SRB on State Aid in that procedure, with a focus on precautionary recapitalisation.Keywords: State aid; Single Resolution Mechanism Regulation; BRRD; Resolution procedure; Precautionary recapitalisation.

Maria Rosaria Miserendino, LLM in European Legal Studies, College of Europe of Bruges, is a Trainee Lawyer at Bonelli Erede, Brussels. For correspondence: <mailto:m.rosariamiserendino@gmail.com>. The author would like to thank Professor Massimo Merola for his helpful comments on an earlier draft of this article.


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