Belgium: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision

May 24, 2013

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Format: Chicago

Belgium: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2013) accessed September 20, 2024

Summary

The Belgian financial system is relatively large, concentrated, and interconnected and has a high level of compliance with the Basel Core Principles (BCPs) for effective banking supervision. The National Bank of Belgium (NBB) deploys high-quality supervisory practices and has clear lines of accountability, transparency, and separate funding when acting in its supervisory capacity. The Belgian authorities have established a Resolution Fund (RF) vesting it with powers to take preventative measures and to facilitate resolution procedures.

Subject: Bank legislation, Banking, Credit, Credit risk, External audit, Financial regulation and supervision, Market risk, Money, Public financial management (PFM)

Keywords: Bank legislation, Banking group, Central bank, CR, Credit, Credit institution, Credit risk, External audit, Global, ISCR, Market risk, NBB regulation, Parent company, Risk management, Senior management

Publication Details

Pages:

177
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/133
Stock No:

1BELEA2013003
ISBN:

9781484351758
ISSN:

1934-7685

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