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Commission extends in-depth investigation into UK aid package for Northern Rock

Squire Sanders
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European Union, United Kingdom
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May 11 2009

The European Commission has extended the scope of its in-depth investigation under EC Treaty State aid rules into a UK aid package for Northern Rock

OFT clears nationwide acquisition of parts of Dunfermline Building Society

Squire Sanders
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United Kingdom
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May 26 2009

The OFT has cleared the acquisition of parts of the Dunfermline Building Society by the Nationwide Building Society

Commission approves Luxembourg's temporary guarantee scheme

Squire Sanders
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Luxembourg, United Kingdom
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March 16 2009

The European Commission has, under the State aid rules of the EC Treaty, authorised the second in a series of aid measures for businesses adopted by Luxembourg to deal with the current economic crisis

OFT publishes report on Northern Rock

Squire Sanders
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United Kingdom
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March 16 2009

The OFT has published its report on the impact of public support for Northern Rock on competition in financial services

The Commission approves liquidation of Bradford & Bingley

Squire Sanders
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European Union, United Kingdom
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January 30 2010

In 2008, the UK Government decided to nationalise and wind down Bradford & Bingley while it was still solvent

OFT consults on financial services strategy

Squire Sanders
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United Kingdom
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April 22 2009

The OFT has launched a consultation on its proposed financial services strategy which sets out its approach to the sector in response to the current economic crisis

Commission approves extension of UK support measures to financial institutions

Squire Sanders
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European Union, United Kingdom
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April 22 2009

The European Commission has approved in accordance with EC State aid rules an extension of the UK’s credit guarantee and recapitalisation schemes, which form part of the UK's package of support measures for financial institutions during the current financial crisis

Commission approves UK Asset-Backed Securities Guarantee Scheme

Squire Sanders
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European Union, United Kingdom
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April 27 2009

The European Commission has approved, under EC Treaty State aid rules, the UK's Asset-Backed Securities Guarantee Scheme, which forms part of UK measures to support the banking industry during the current financial crisis

OFT launches review of barriers to entry, expansion and exit in retail banking

Squire Sanders
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United Kingdom
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May 31 2010

The global financial crisis has led to a substantial change in the banking industry

CC confirms the case for a prohibition on point-of-sale personal protection insurance (“PPI”)

Squire Sanders
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United Kingdom
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May 31 2010

The CC has provisionally decided that consumers will benefit from a prohibition on all forms of point-of-sale PPI, except for retail