Belgium: Technical Note on Crisis Management and Bank Resolution Framework
May 24, 2013
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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.
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
Keywords: Bank resolution framework, bank resolution technique, bank resolvability, banking system, country authorities, CR, Crisis management, Crisis management framework, depositor preference, financial crisis, Financial sector stability, Global, ISCR, judicial review, Legal support in revenue administration, resolution authorities, resolution authority
Pages:
37
Volume:
2013
DOI:
Issue:
135
Series:
Country Report No. 2013/135
Stock No:
1BELEA2013005
ISBN:
9781484349663
ISSN:
1934-7685
