Belgium; Technical Note on Financial Conglomerate Supervision
Belgian financial conglomerates (FCs) remained important players in the Belgian financial sector, despite significant restructuring following the global financial crisis. FCs operated in multiple streams of the financial sector, especially in banking and insurance. Owing to their economic reach and use of regulated and unregulated entities across sectoral boundaries, FCs presented a challenge for sector-specific supervisory oversight. The Executive Board suggested a pragmatic supervisory approach, which needs to be streamlined and applied more uniformly to contain FC-specific risks.
Year of publication: |
2013-05-24
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Financial institutions | Banks | Insurance | Bank supervision | Insurance supervision | Financial Sector Assessment Program | Belgium | banking | capital adequacy | internal control | holding company | banking law | capital planning | banking supervision | supplementary capital | banking sector | banking activities | equity investment | external auditor | internal audit | liability management | national bank | capital requirement | consolidated supervision | banking union | bank supervision | corporate banking | state intervention | banking authority | banking model | banking legislation | banking risks | bank insurance | retail banking | capital base |
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