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Belgium: Technical Note on Crisis Management and Bank Resolution Framework

International Monetary Fund

No 2013/135, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; resolution authority; resolution authorities; depositor preference; bank resolution technique; financial crisis; country authorities; judicial review; banking system; bank resolvability; Bank resolution framework; Crisis management; Financial sector stability; Legal support in revenue administration; Crisis management framework; Global (search for similar items in EconPapers)
Pages: 37
Date: 2013-05-24
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Handle: RePEc:imf:imfscr:2013/135