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| rdfs:seeAlso
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| Description
| - The important role of banks in the economy of States consists in providing credit and liquidity that necessitates stability to the banking system. The opposite may be jeopardising to the economic development and growth of states involving even the threat of an institutional breakdown. It is only natural that State authorities attempt to protect the viability of their banking system and try to prevent financial institutions from insolvency. This is even more obvious in situations when they fear that a crisis can result to 'systemic failure ', namely that crisis of one institution can spread to other banking institutions. The counter-balance to this attempts to maintain an efficient and healthy banking system under every price represents the EU legislation on State Aids with the aim to safeguard that Member States actions will not distort and violate the European single market regulations. However, the recent financial crisis in Europe has shown that the EU can react promptly to the risks the Member States were exposed. As a response to the financial crisis the Commission has adopted a legislative framework for State aid rules in the banking sector. The paper analysis the impact of these rules the process of in managing the financia1 crisis. It focuses on how the ba1ance between limiting distortions of competition and rebuilding financial stability is maintained and/or was impaired. It examining the decisions adopted by the Commission for guarantee measures of Member States representing recapitalisation and relief schemes of State Aids. In the restructuring of distressed banks, final objective of financia1 stability served to justify various measures that are otherwise not a standard under existing State Aids rules. As a result, the measures lead to the stabilization of the financial system, however, for the price of treating the EU competition issues as subordinate.
- The important role of banks in the economy of States consists in providing credit and liquidity that necessitates stability to the banking system. The opposite may be jeopardising to the economic development and growth of states involving even the threat of an institutional breakdown. It is only natural that State authorities attempt to protect the viability of their banking system and try to prevent financial institutions from insolvency. This is even more obvious in situations when they fear that a crisis can result to 'systemic failure ', namely that crisis of one institution can spread to other banking institutions. The counter-balance to this attempts to maintain an efficient and healthy banking system under every price represents the EU legislation on State Aids with the aim to safeguard that Member States actions will not distort and violate the European single market regulations. However, the recent financial crisis in Europe has shown that the EU can react promptly to the risks the Member States were exposed. As a response to the financial crisis the Commission has adopted a legislative framework for State aid rules in the banking sector. The paper analysis the impact of these rules the process of in managing the financia1 crisis. It focuses on how the ba1ance between limiting distortions of competition and rebuilding financial stability is maintained and/or was impaired. It examining the decisions adopted by the Commission for guarantee measures of Member States representing recapitalisation and relief schemes of State Aids. In the restructuring of distressed banks, final objective of financia1 stability served to justify various measures that are otherwise not a standard under existing State Aids rules. As a result, the measures lead to the stabilization of the financial system, however, for the price of treating the EU competition issues as subordinate. (en)
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| Title
| - Stabilisation of Public Finances in EU Member States and the rules concerning State Aids to the Banking Sector
- Stabilisation of Public Finances in EU Member States and the rules concerning State Aids to the Banking Sector (en)
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| skos:prefLabel
| - Stabilisation of Public Finances in EU Member States and the rules concerning State Aids to the Banking Sector
- Stabilisation of Public Finances in EU Member States and the rules concerning State Aids to the Banking Sector (en)
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| skos:notation
| - RIV/62156489:43110/13:00215943!RIV14-MSM-43110___
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| http://linked.open...avai/predkladatel
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| http://linked.open...avai/riv/aktivita
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| http://linked.open...avai/riv/aktivity
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| http://linked.open...vai/riv/dodaniDat
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| http://linked.open...aciTvurceVysledku
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| http://linked.open.../riv/druhVysledku
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| http://linked.open...iv/duvernostUdaju
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| http://linked.open...titaPredkladatele
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| http://linked.open...dnocenehoVysledku
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| http://linked.open...ai/riv/idVysledku
| - RIV/62156489:43110/13:00215943
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| http://linked.open...riv/jazykVysledku
| |
| http://linked.open.../riv/klicovaSlova
| - banking sector; financial crisis; State Aid (en)
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| http://linked.open.../riv/klicoveSlovo
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| http://linked.open...ontrolniKodProRIV
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| http://linked.open...v/mistoKonaniAkce
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| http://linked.open...i/riv/mistoVydani
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| http://linked.open...i/riv/nazevZdroje
| - GV - Proceedings in GV - the 1st Global Virtual Conference
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| http://linked.open...in/vavai/riv/obor
| |
| http://linked.open...ichTvurcuVysledku
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| http://linked.open...cetTvurcuVysledku
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| http://linked.open...UplatneniVysledku
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| http://linked.open...iv/tvurceVysledku
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| http://linked.open...vavai/riv/typAkce
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| http://linked.open.../riv/zahajeniAkce
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| http://linked.open...n/vavai/riv/zamer
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| number of pages
| |
| http://purl.org/ne...btex#hasPublisher
| - EDIS - Publishing Institution of the University of Zilina
|
| https://schema.org/isbn
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| http://localhost/t...ganizacniJednotka
| |
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