Press Release: State aid: Commission approves amendments to restructuring plan of Royal Bank of Scotland

On 9 April 2014, the European Commission concluded that proposals by UK authorities to amend Royal Bank of Scotland's (RBS) restructuring plan were in line with EU state aid rules. The Commission found that a delay of the divestment of RBS's UK SME bank entity Rainbow would not jeopardise the viability of the business. The Commission also agreed to changes of the terms of the priority dividend received by the UK. The changes endorsed better align the incentives of RBS with those of the UK without resulting in lower dividends as compared to what RBS could realistically be expected to pay under the existing terms.

• Primary Source

ESO: Background information: State aid: Commission approves impaired asset relief measure and restructuring plan of Royal Bank of Scotland http://www.europeansources.info/record/press-release-state-aid-commission-approves-impaired-asset-relief-measure-and-restructuring-plan-of-royal-bank-of-scotland/

ESO: Background information: State aid: Commission extends crisis rules for banks http://www.europeansources.info/record/press-release-state-aid-commission-extends-crisis-rules-for-banks/

European Commission: Competition: State Aid: Cases http://ec.europa.eu/competition/state_aid/register/

European Commission: DG Competition http://ec.europa.eu/competition/index_en.html

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