Belgium: Technical Note on Financial Conglomerate Supervision

May 24, 2013

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Format: Chicago

Belgium: Technical Note on Financial Conglomerate Supervision, (USA: International Monetary Fund, 2013) accessed December 26, 2024

Summary

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.

Subject: Banking, Capital adequacy requirements, Economic sectors, Financial conglomerates, Financial institutions, Financial regulation and supervision, Financial sector, Insurance, Insurance companies

Keywords: Bancassurance group, Capital adequacy requirements, CR, FC legislation, FC supervision, FCS draw, Financial conglomerates, Financial sector, Global, Group level, Group risk, Group transaction, Insurance, Insurance companies, ISCR, NBB expectation, Parent company, Risk concentration, Risk management, Risk profile, Supervisory framework

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/138
Stock No:

1BELEA2013008
ISBN:

9781484380413
ISSN:

1934-7685

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