Erik Buyst () (University of Leuven) Ivo Maes () (National Bank of Belgium, Robert Triffin Chair, Universite catholique de Louvain, and University of Leuven.)
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.
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Paper provided by Bank of Greece in its series Working Papers with number
77.
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