AECM, EAPB, ELTI & NEFI Position Paper: Implementation and feedback of the ongoing GBER consultation
ELTI has once again teamed up with sister associations European Association of Guarantee Institutions (AECM), European Association of Public Banks (EAPB) and the Network of European Financial Institutions for SMEs (NEFI), all of whom share multiple financial institutions as overlapping common members. In this position paper, these four associations came together to submit comments on the draft-amending regulation to the General Block Exemption Regulation (GBER) published on 6 October 2021.
With the State aid Temporary Framework (TF) proving to be a highly effective tool to support the economies within the EU Member States during the economic crisis demonstrating that the European Commission has displayed a high degree of pragmatism and speed in adopting these rules. As such, the four associations believe that this pragmatism and efficiency should also be the guiding principles in this review considering how NPBIs and guarantee institutions have played a key role in supporting the economy throughout these difficult times, as is well demonstrated by the long list of crisis measures that was compiled in these past few months.