Belgium: Financial System Stability Assessment-Technical Note-Banking, Insurance, and Financial Conglomerate Supervision

March 8, 2018

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Format: Chicago

Belgium: Financial System Stability Assessment-Technical Note-Banking, Insurance, and Financial Conglomerate Supervision, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Summary

This Technical Note analyzes the key aspects of the regulatory and supervisory regime of banks, insurance companies and financial conglomerates (FCs) in Belgium. The regulatory framework for Belgian financial institutions has been strengthened substantially since the 2013 Financial Sector Assessment Program. Notably, new national banking and insurance laws have been issued, the Bank Recovery and Resolution Directive and amendments to Financial Conglomerate Directive have been transposed, Solvency II has been implemented, and the National Bank of Belgium has been designated as the macroprudential authority. This has improved significantly the regulatory framework and broadened its scope to better address the challenges posed by FCs. Financial sector supervision has also been upgraded markedly.

Subject: Banking, Capital adequacy requirements, Credit, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Insurance, Insurance companies, Money, Solvency

Keywords: Banking group, Capital adequacy requirements, Capital ratio, CR, Credit, Credit risk, Europe, Global, Group transaction, Insurance, Insurance companies, Interest rate, ISCR, Mortgage loan, Risk management, Solvency

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/070
Stock No:

1BELEA2018004
ISBN:

9781484345955
ISSN:

1934-7685

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