Taxonomy: Sector Affected - 81
Financial intermediation services and auxiliary services therefor
France: State guarantee to PSA Group
Description
On 7 January 2013, France informed the EU about an ongoing aid scheme to rescue “Banque PSA Finance” (PSA bank).Portugal: Capital increase of state owned bank CGD
Description
On 28 June 2012, Portugal notified to EU on their intention to recapitalize the Caiya Geral de Depositos (CGD). CGD is a banking group fully owned by the Portuguese state.United Arab Emirates: Financial free zone to facilitate access for foreign financial service providers
Description
Several international and local news agencies reported that, on 11 February 2013, the United Arab Emirates has created a financial free zone, the so-called “Abu Dhabi World Financial market”, to attract foreign firms from the finRussian Federation: Foreign banks prevented to open branches
Description
On February 22, 2013, the State Duma, the Lower House of the Russian Parliament, approved amendments to the Federal Laws “On banks and bank activity”, "On the Central Bank of Russia", "On currency regulation and currencyThailand: Permission for foreign banks to convert branches into subsidiaries
Description
On December 15, 2011, the Bank of Thailand published the "Policy Guideline Permitting Foreign Banks to Establish a Subsidiary in Thailand".Argentina: Private banks and exchange houses no longer allowed in airports and ports
Description
On 7 September 2012, the Central Bank of Argentina has forbidden the operation of private banks and exchange houses in Argentinian international ports and airports.Italy: Aid to compensate for damage caused by the earthquakes of May 2012
Description
On 14 September 2012, the Italian Government notified the European Commission about an aid measure designed to compensate the damage caused by the earthquakes of 20 and 29 May 2012 in the Regions Emilia-Romagna, Lombardy and Veneto.Italy: State aid to Monte dei Paschi di Siena
Description
On 7 December 2012, the Italian Government notified the European Commission about the recapitalization of Monte dei Paschi di Siena S.p.A. (MPS).Russian Federation: Simplified visa regime for big international investors
Description
On December 30, 2012, the Russian President, Mr Vladimir Putin, signed amendments (№ 303-FZ) to Articles 25 and 25.6 of the Federal Law "On the Procedure for Exit from the Russian Federation and Entry into the Russian Federation".Argentina: Repatriation of foreign investments of insurance companies
Description
According to Resolution 36.162/2011 of 27 October 2011 all insurance companies operating in Argentina shall report by sworn statement the foreign assets they possess within 10 days of entry into force of the Resolution.
