Sector Regulation Sector Regulation

EU bank bailout rules need a rethink after Tercas state aid judgment, EBA says

By Jack Schickler
  • 11 Feb 2020 11:49
  • 01 Oct 2020 05:46

EU bank bailout rules need a rethink after the bloc's General Court said support provided to Italy's Banca Tercas wasn't an unlawful state subsidy, the European Banking Authority said today.

In a 2019 judgement, the EU court said that the support provided to Tercas did not constitute illegal state aid, because it came

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