Competition weekly news summary
Friday, November 5, 2010

Conferences and Speeches

  • Financial stability, a level playing field in Europe and a healthier financial sector: the role of competition policy
    European Banking Federation, Brussels, Joaquín Almunia
    4 November 2010
    "We still need to ensure a proper exit strategy from the exceptional State aid regime that we have been living with for the last two years. And we need to ensure that the causes of the crisis are properly addressed. This will mean better regulation of the financial sector, and it will mean a curb on the excesses that some of banks have engaged in, in recent years."
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  • Commission clears proposed acquisition of controlling stake in Shell Aviation Ireland by Irish oil company Topaz
    4 November 2010
    The Commission's investigation confirmed that the proposed transaction would not close off the market to competition and does not raise vertical concerns, due to the existing business relationship between Topaz and SAIL and the presence of large suppliers on the markets.
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State aid

  • Commission extends investigation into WestLB's bad bank and restructuring
    5 November 2010
    The Commission has extended an ongoing state aid investigation into Westdeutsche Landesbank (WestLB) after reaching the conclusion that the bank has received an estimated €3.4 billion more in state subsidies than was initially foreseen in the process of transferring its portfolio of impaired assets to a bad bank.
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Editorial and legal information

Published by the Competition Directorate General of the European Commission. The content of this publication does not necessarily reflect the official position of the European Commission. Neither the Commission nor any person acting on its behalf is responsible for the use which might be made of the above information.

© European Union, 2010. Reproduction is authorised provided the source is acknowledged.

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