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IMF signals reversal of position on capital controls
- Alston & Bird LLP
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- Global
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- February 19 2010
Today, the IMF released a staff position paper entitled "Capital Inflows: The Role of Controls."
European Commission approves Spanish recapitalization scheme for credit institutions
- Alston & Bird LLP
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- European Union, Spain
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- January 29 2010
On Thursday, the European Commission (EC) approved a Spanish scheme "for banks aimed at enhancing the strength and solvency of credit institutions so that they are able to provide credit normally and that confidence in the national financial system can be maintained."
European Commission approves Finnish capital injection support scheme for financial institutions
- Alston & Bird LLP
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- European Union, Finland
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- September 11 2009
Today, the European Commission (EC) announced its approval under EC Treaty state aid rules of Finland’s “support scheme to stabilise financial markets by providing capital injections to eligible financial institutions.”
European Union releases comprehensive overview of state aid measures
- Alston & Bird LLP
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- European Union
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- August 11 2009
Yesterday, the EU Directorate-General for Competition released a comprehensive overview of the financial "aid schemes introduced by Member States and approved by the Commission during the financial crisis."
EC commences in-depth investigation into state support measures for Latvia's JSC Parex Banka
- Alston & Bird LLP
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- European Union, Latvia
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- July 29 2009
Today, the European Commission (EC) announced that it has opened an "in-depth investigation into state support measures for the Latvian JSC Parex Banka," Latvia’s second largest bank, pursuant to the EC Treaty State aid rules, which the EC characterized as the "first step towards finding a viable long-term solution for the bank, in close contact with the Latvian authorities."
European Commission releases updated overview of state aid national measures
- Alston & Bird LLP
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- USA
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- May 21 2009
Yesterday, the European Commission (EC) published an update to its overview of national rescue measures adopted in response to the financial and economic crisis
European Commission releases updated overview of state aid national measures
- Alston & Bird LLP
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- European Union
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- April 23 2009
Yesterday, the European Commission ("EC") published an update to its overview of national rescue measures adopted in response to the financial and economic crisis
