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Persistent link: https://www.econbiz.de/10013130947
This paper analyses the merger control instruments available to overcome a crisis of a company and highlights their role in the 2008/09 global financial market crisis. It concludes that the German merger control regime is well equipped to overcome any (further) banking crisis as long as the...
Persistent link: https://www.econbiz.de/10013138743
It must not be easy being a rating agency. Where corporate debt is concerned, the major credit rating agencies (“CRAs”) are said to be too slow and lagging the market. When the topic is structured finance, the agencies are said to inflate ratings to attract business. And when the subject is...
Persistent link: https://www.econbiz.de/10013059833
In times of crisis, there is reduced demand for consumer durables and the manufacturing industry tends to suffer from excess capacity. Due to liquidity problems, the banking sector too suffers critically. Generally, one observes an accelerated merger control activity across all the sectors, but...
Persistent link: https://www.econbiz.de/10013021566
This paper aims to assess the likelihood that State aid enforcement can be revitalised in the post-crisis period as a result of the 2012-2014 State aid modernisation process (SAM). The paper takes the view that State aid enforcement was left in a difficult impasse as a result of the...
Persistent link: https://www.econbiz.de/10013023235
Merger control during the financial crisis of 2007/2008 is one of the most challenging topics for EU Competition law …. The global crisis tested the EU merger control framework in both procedural and substantial aspects. On the one hand, the … work is an attempt to cover all the aspects of EU merger control, including jurisdiction, the community dimension …
Persistent link: https://www.econbiz.de/10013240112
The lingering pandemic and associated lockdown measures have undoubtedly an impact on banks’ balance sheets. It is expected that the ratio of banks’ non-performing loans (NPLs) will raise significantly once Member States fully unwind the support measures introduced to contain the impact of...
Persistent link: https://www.econbiz.de/10012795428
Reforms of financial regulation after the crisis of 2007-2009 raise the question of what is the relation between financial regulators and competition authorities. Should competition authorities play a role in financial regulation? Should they co-operate with financial regulators? Or should they...
Persistent link: https://www.econbiz.de/10011879119
What lessons can we learn from the financial crisis concerning the issues of systemic risk, firms too big to fail, and the income inequality in the United States today?In light of the public anger over the financial crisis and bailouts to firms deemed too big to fail, this Essay first addresses...
Persistent link: https://www.econbiz.de/10013131215
This article investigates the nexus of competition and stability in European banking. It analyzes the European legal framework for competition policy in banking and several cases that pertain to anti-cartel policy, merger policy, and state-aid control. It discusses whether and how competition...
Persistent link: https://www.econbiz.de/10013087237