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Belgium

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  • International Monetary Fund. European Dept.
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    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.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=40569
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 13/133.

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    Length: 177
    Date of creation: 24 May 2013
    Date of revision:
    Handle: RePEc:imf:imfscr:13/133

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    Postal: International Monetary Fund, Washington, DC USA
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    Web page: http://www.imf.org/external/pubind.htm
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    Related research

    Keywords: Bank supervision; Banking sector; Basel Core Principles; Reports on the Observance of Standards and Codes; Financial Sector Assessment Program; Belgium; banking; banking law; internal control; banking supervision; capital adequacy; external auditor; banking sector; deposit guarantee; internal audit; credit risk management; banking activities; banking license; capital base; consolidated supervision; prudential regulation; bank management; accounting framework; financial strength; tier 1 capital; banking system; state intervention; capital planning; national bank; banking systems; banking regulation; investment banking; credit policy; bank supervision; banking union; value at risk model; capital requirement; banking sector assets; cross border banking supervision; banking regulations; bankrupt; bank officers; bank supervisory authorities; banking supervisor; off balance sheet; banking system assets; capital adequacy ratio; banking operations; asset classification; bankers ’ drafts; banking industry; building block †approach; bankers; level playing field; loan classification;

    This paper has been announced in the following NEP Reports:

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