{
  "title": "Belgium: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision",
  "publication": "IMF Staff Country Reports, May 24, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/belgium-detailed-assessment-of-compliance-with-the-basel-core-principles-for-effective-40569",
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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.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- The Belgian financial system is described as relatively large, concentrated, and interconnected.\n- The system has a high level of compliance with the Basel Core Principles (BCPs) for effective banking supervision.\n- 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.\n- The Belgian authorities have established a Resolution Fund (RF) vesting it with powers to take preventative measures and to facilitate resolution procedures."
    },
    {
      "heading": "Major findings and analysis",
      "content": "- High level of compliance with the Basel Core Principles for effective banking supervision.\n- The NBB's supervisory practices are characterized as high-quality.\n- Accountability, transparency, and separate funding are present in the NBB’s supervisory role.\n- A Resolution Fund (RF) exists and is vested with powers to:\n  - take preventative measures; and\n  - facilitate resolution procedures."
    },
    {
      "heading": "Institutional and thematic scope",
      "content": "- Subject areas listed:\n  - Bank legislation\n  - Banking\n  - Credit\n  - Credit risk\n  - External audit\n  - Financial regulation and supervision\n  - Market risk\n  - Money\n  - Public financial management (PFM)\n- Keywords preserved:\n  - Bank legislation, banking group, central bank, CR, Credit, credit institution, Credit risk, External audit, Global, ISCR, Market risk, NBB regulation, parent company, risk management, senior management\n\n---\n\n Content in this bundle\n\n- Cr13133\n  - Cr13133 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr13133 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 24, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484351758.002",
    "The Belgian financial system is described as relatively large, concentrated, and interconnected.",
    "The system 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.",
    "High level of compliance with the Basel Core Principles for effective banking supervision.",
    "The NBB's supervisory practices are characterized as high-quality.",
    "Accountability, transparency, and separate funding are present in the NBB’s supervisory role.",
    "A Resolution Fund (RF) exists and is vested with powers to:",
    "Subject areas listed:",
    "Keywords preserved:",
    "**Cr13133**"
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