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

International Monetary Fund

No 2013/133, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; risk management; credit institution; parent company; banking group; central bank; senior management; NBB regulation; Bank legislation; Credit; Credit risk; External audit; Market risk; Global (search for similar items in EconPapers)
Pages: 177
Date: 2013-05-24
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