Expert support in the context of the State aid framework applicable to financial institutions
Awarded
The competition has ended and a winner has been selected.
Bedriftsrådgivning
The European Commission, DG COMP - Competition, has entered into a framework agreement with DELOITTE CONSULTING & ADVISORY BV, FORVIS MAZARS LLP, GRANT THORNTON CORPORATE FINANCE LTD, ERNST & YOUNG STRATEGY AND TRANSACTIONS, GRANT THORNTON TAX AND BUSINESS ADVISORY SOLUTIONS SA, and PROMETEIA SOCIETA PER AZIONI for expert consultancy services and reports in the context of the State aid framework applicable to financial institutions. The services, which will be delivered in Belgium, are divided into three lots: Lot 1 for determining compliance with the Impaired Assets Communication, Lot 2 for evaluating methodologies of third-party valuations, and Lot 3 for market conformity assessments in non-impaired asset measures. The agreement has a duration of 4 years and an estimated maximum total value of 10,000,000 EUR. Seven bids were received for this contract.
Result
- Winners
- Deloitte Consulting & Advisory BV
- Ernst & Young Strategy and Transactions
- FORVIS MAZARS LLP
- GRANT THORNTON CORPORATE FINANCE LTD
- GRANT THORNTON TAX AND BUSINESS ADVISORY SOLUTIONS SA
- PROMETEIA SOCIETA PER AZIONI
- Number of bids
- 7
- Contract value
- Not stated
- Maximum framework agreement value
- Up to €10,000,000
About the bid
- Contact phone
- +32 2 299 11 11
- Contact email
- comp-procurement@ec.europa.eu
- Address
- CSM1, rue Père de Deken 23, B-1040 Brussels
The subject of this call for tenders is expert consultancy services and reports in the context of the State aid framework applicable to financial institutions. Pursuant to article 108(3) TFEU, Member States have to notify State aid to the European Commission. The Member States can provide support to financial institutions in several ways. In case of unsound or failing credit institutions, Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms is applicable ("BRRD"- OJ L 173, 12.06.2014, p. 190). In case of impaired assets, the valuation has to be based on the Communication Paper on the Treatment of Impaired Assets in the Community Banking Sector (OJ C 72, 26.03.2009, p. 1). Member States can also provide support outside the BRRD in situations specified in the Communication from the Commission on the application of State aid rules to support measures in favour of banks (the 2013 "Banking Communication" - OJ C 216, 30.07.2013, p. 1). Lastly, Member States can provide support that is free of State aid that is in line with the Market Economy Operator Principles as summarised in Section 4.2 of the Commission Notice on the notion of State aid (OJ C 262, 19.07.2016, p. 1). The call for tenders is divided into three lots. Lot 1 will be used for the determination of whether a measure is in line with the Impaired Assets Communication, incorporating detailed asset valuations. Lot 2 will be used to obtain external support for determining whether a valuation that is conducted by another party is based on appropriate and consistent methodologies. Lot 3 will be used when expert support is needed for market conformity assessments in non-impaired asset measures, such as public guarantee measures, equity injections, or funding support. The Commission anticipates to utilize the expert support services on multiple occasions over the next few years. Although the broad scope of services may be described in advance, the timing, quantity or the specific focus of the needed services can only be known in the context of the specific case to be assessed within this period.
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See the full notice
- Contracting authority
- European Commission, DG REGIO - Regional and Urban Policy
- Title
- Expert support in the context of the State aid framework applicable to financial institutions
- Type
- Main code
- Supplemental codes
- Estimated value
- €10,000,000.00
- Duration
- 48 months
No supplemental codes from buyer…