Belgium: Technical Note on Crisis Management and Bank Resolution Framework
Electronic Access:
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Summary:
The ability of the National Bank of Belgium (NBB) to provide emergency liquidity assistance to solvent but temporarily illiquid firms is well tested and satisfactory. Belgian authorities are testing draft guidelines for recovery plans through pilot projects with selected firms that are of systemic importance. Introducing recurrent crisis management simulations would allow the authorities to test the coordination arrangements and potential application of the crisis management toolkit. It is commended that the NBB can enhance the framework for orderly and effective resolution.
Series:
Country Report No. 2013/135
Subject:
Bank resolution framework Banking Crisis management Crisis management framework Deposit insurance Financial crises Financial sector policy and analysis Financial sector stability Legal support in revenue administration Revenue administration
English
Publication Date:
May 24, 2013
ISBN/ISSN:
9781484349663/1934-7685
Stock No:
1BELEA2013005
Pages:
37
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