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DEXIA

DEXIA is a group in orderly resolution" as agreed by EC decision of 28/12/2012. The group is subject to consildated supervision.
- the concept of "orderly winding-up process" (art. 7) should expressely include the situation of "orderly resolution for the avoidance of doubt
- article 7 is limited to "credit institutions". The Dexia group is in orderly resolution as a whole, but its parent company, Dexia SA is a financial company and not a credit institution.
- article 5 deals with "Institutions belonging to groups" but it does not provide any specific approach concerning cross-border groups that are already in orderly resolution as a whole, like DEXIA.
- what is the procedure to benefit of the special status of institution in orderly winding-up process ?"
Pascale Brackeniers
003222135712