IMF Staff Country Reports

Belgium: Technical Note on Securities Markets Regulation and Supervision

May 24, 2013

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Belgium: Technical Note on Securities Markets Regulation and Supervision, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

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.

Subject: Arbitrage, Commodities, Financial sector policy and analysis, Financial sector stability, Financial services, Labor, Systemic risk, Systemic risk assessment

Keywords: Arbitrage, CR, Establishment of a Macro Prudential Regulation Council, Europe, Financial sector stability, Financial services firm, FSMA guidance, FSMA influence, FSMA officer, Integrity policy, Investment advice company, ISCR, Management company, Mystery shopping, Systemic risk, Systemic risk assessment

Publication Details

  • Pages:

    39

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2013/136

  • Stock No:

    1BELEA2013006

  • ISBN:

    9781484326022

  • ISSN:

    1934-7685