The report concludes that it is important to continue the restructuring of the banking sector, including the cleaning of balance sheets and the strengthening of banks’ risk bearing capacity, in order for the banks to be able to perform their function of lenders to the real economy without State aid.
Competition policy and in particular the coherent and predictable enforcement of State aid rules has played an important role in the response to the crisis. The extraordinary rescue measures at the beginning of the crisis have proven successful as they were capable of restoring financial stability and of supporting the economic recovery.
As this recovery, albeit still fragile, seems to assert itself, it is important to continue the necessary restructuring of the banking sector, including the cleaning of balance sheets and the strengthening of banks’ riskbearing capacity, in order for the banks to be able to perform their function of lenders to the real economy without State support.
Likewise, as the economic environment continues to stabilise, it is appropriate to steer towards transparent and coordinated phasing-out of the different support schemes, starting with government guarantees, in order to create conditions for a progressive return to normal market functioning.
© European Commission
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