Belgium: Financial System Stability Assessment
IMF Staff Country Reports, May 17, 2013
Source details
- Canonical URL
- Belgium: Financial System Stability Assessment
Other formats
Bibliographic details
- Published: May 17, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484362877.002
Overview and scope
- This financial stability assessment provides an update on the significant regulatory and supervisory developments in the banking and insurance sectors of Belgium since 2006.
- Publication date: May 17, 2013.
- Pages: 103.
- Volume: 2013.
- Issue: 124.
- Series: Country Report No. 2013/124.
- DOI: https://doi.org/10.5089/9781484362877.002.
- Stock No: 1BELEA2013002.
- ISBN: 9781484362877.
- ISSN: 1934-7685.
Key findings
- The Belgian financial system is relatively large with solid capital buffers on aggregate.
- The 2008 global financial crisis has had a major impact on the Belgian financial sector.
- The links between banks and the Belgian sovereign have intensified owing to the crisis, with total exposure of the banking sector to the federal government at 10 percent of banking sector assets in mid-2012.
Thematic areas covered
- Banking and commercial banks: regulatory and supervisory developments since 2006; capital positions and systemic links to the sovereign.
- Insurance and solvency: developments in insurance supervision and solvency considerations.
- Financial sector policy and analysis: assessments of financial stability, stress testing, and risk assessment frameworks.
- Cross-cutting topics: credit risk, interest rate risk, hurdle rates, and overall financial system resilience.
Keywords and subjects (as presented)
- Subjects: Banking, Commercial banks, Financial institutions, Financial sector policy and analysis, Insurance, Insurance companies, Solvency, Stress testing.
- Keywords: banking sector, banking system, capital ratio, Central and Eastern Europe, central bank, Commercial banks, CR, credit risk, Europe, financial system, Global, hurdle rate, Insurance, Insurance companies, interest rate, ISCR, risk assessment, Solvency, Stress testing.
Implicit policy considerations and analytical focus
- Ongoing monitoring of bank-sovereign exposures given the intensified links revealed after the 2008 crisis.
- Continued assessment of aggregate capital buffers and their sufficiency for system-wide shocks.
- Supervision and regulation updates since 2006 aimed at strengthening banking and insurance sector resilience.
- Use of stress testing and solvency analysis to evaluate potential vulnerabilities in the Belgian financial system.
International Monetary Fund. Monetary and Capital Markets Department "Belgium: Financial System Stability Assessment", IMF Staff Country Reports 2013, 124 (2013).
Content in this bundle
- Belgium: Financial System Stability Assessment; IMF Country Report 13/124; April 25, 2013