Brussels seen delaying Ireland’s ‘bad bank’ scheme

Author (Corporate)
Series Title
Series Details 23.2.10
Publication Date 23/02/2010
Content Type

EurActiv reports that Ireland's plans to establish the National Asset Management Agency (NAMA) to buy up bad loans from Irish banks are in limbo February 2010 while the European Commission considers whether the scheme breaks state aid rules.
Source Link http://www.euractiv.com/en/financial-services/brussels-delaying-irelands-bad-bank-scheme-news-276408
Related Links
ESO: Background information: Irish bad bank law published http://www.europeansources.info/record/irish-bad-bank-law-published/
European Commission: Press Release: IP/09/322: State aid: Commission provides guidance for the treatment of impaired assets in the EU banking sector http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/322&format=HTML&aged=0&language=EN&guiLanguage=en
Website: National Asset Management Agency (NAMA) http://www.nama.ie/
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