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State Aid - The European Commission Updates the Special Crisis Regime to Banks by Kiran S. Desai
Mayer Brown International LLP - Brussels Office
Nathalie Jalabert Doury
Mayer Brown International LLP - Paris Office
Jens Peter Schmidt
Mayer Brown International LLP - London Office
Gillian Sproul
Mayer Brown International LLP - London Office
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December 12, 2011
Previously published on December 2011
On 6 December 2011, the European Commission published a Communication to extend the application of the special State aid regime for banks that had been adopted during the financial crisis. The extension of the crisis framework responds to the need to tackle the continued tensions in the financial markets, now increased by the European sovereign debt crisis. The rules will apply as of 1 January 2012 for as long as required by market conditions.
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