Belgium : Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision
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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.
Series:
Country Report No. 13/133
Subject:
Bank supervision Banking sector Basel Core Principles Belgium Financial Sector Assessment Program Reports on the Observance of Standards and Codes
English
Publication Date:
May 24, 2013
ISBN/ISSN:
9781484351758/1934-7685
Stock No:
1BELEA2013003
Format:
Paper
Pages:
177
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