IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 10 Feb 2016 | Removal date: 10 Aug 2017
Still in force

Loan guarantee

 On 10 Februrary 2016, the European Commission approved the Italian securitisation scheme.
The scheme is meant to guarantee and later remove non-performing loans ("NPLs") off the balance sheets of Italian banks. It will be active for 18 months since the EC decision. However, no budgetary totals for the underlying state aid was published.
 
According to the EC, "Given that the Scheme is designed to address banks with portfolios of NPLs, it is by its nature selective. In light of the characteristics of the financial services markets in the Union which feature high level of exchanges and trade, the Scheme is capable of affecting trade between Member States. If it were to provide an advantage to participating banks that they could not obtain on the market, the Scheme would be capable of distorting competition."
 
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.