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Belgium: Technical Note on Securities Markets Regulation and Supervision

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  • International Monetary Fund

Abstract

The Belgian securities market and financial services markets have remained subdued since the crisis, and significant changes have taken place in regulatory architecture in response. The execution requires both the resources and the same strong focus on driving key outcomes. Concerns also remain about the risk of regulatory arbitrage arising from differences in regulatory and supervisory approaches between the National Bank of Belgium (NBB) and the Financial Services and Markets Authority (FSMA). Efforts to solidify cooperation and integration of work between the NBB and the FSMA should continue along with investor education work.

Suggested Citation

  • International Monetary Fund, 2013. "Belgium: Technical Note on Securities Markets Regulation and Supervision," IMF Staff Country Reports 2013/136, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2013/136
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    Cited by:

    1. Andrew Godwin & Timothy Howse & Ian Ramsay, 2017. "A jurisdictional comparison of the twin peaks model of financial regulation," Journal of Banking Regulation, Palgrave Macmillan, vol. 18(2), pages 103-131, April.

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