IMF Staff Country Reports

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

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

May 24, 2013

Electronic Access:

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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