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The Regulation and Supervision of the Belgian Financial System (1830 - 2005)

Erik Buyst () and Ivo Maes ()
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Erik Buyst: University of Leuven
Ivo Maes: National Bank of Belgium, Robert Triffin Chair, Universite catholique de Louvain, and University of Leuven.

No 77, Working Papers from Bank of Greece

Abstract: This paper provides an overview of the regulation and supervision of the Belgian financial system from the creation of Belgium in 1830 to the early 21st century. After severe crises, the National Bank of Belgium was created in 1850. The Great Depression led to further reforms, increasing the role of the government, especially through the establishment of the Banking Commission. In the post-war period, reforms were driven by changes in the financial landscape, especially an increasing role for market forces. In line with the despecialisation process, the responsibilities of the Banking Commission were gradually extended, becoming, in 2004, the Banking, Finance and Insurance Commission. Moreover, at the turn of the millennium, the role of the NBB in financial stability matters was enhanced.

Keywords: Financial regulation; Financial supervision; Belgium (search for similar items in EconPapers)
JEL-codes: G18 N23 N44 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2008-06
New Economics Papers: this item is included in nep-his and nep-reg
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