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RBF numérique 2023/04

  • Hoe kan de risicofunctie in het huidige klimaat bijdragen tot de implementatie van de bedrijfsstrategie?

    Mardi 18/4/2023
    Christine Van Rijsseghem
    Van Rijsseghem

    The risks a financial institution is facing, are highly dependent on its business model and strategy. Risk management is closely linked with this business model and strategy.

    KBC has a clear strategy to be able to adapt to an ever-changing environment. For example, customer behavior is changing more rapidly than ever, with technological advances and digitalization as catalysts. Furthermore, not only the competition but also the pressure from regulators is increasing. The macroeconomic environment also remains particularly challenging, with two human tragedies occurring in quick succession: first Covid-19, then the war in Ukraine.

    These structural changes also have an impact on the risk function, which must adapt to remain relevant in this changing environment. We see more and more a shift from traditional financial risks towards non-financial risks (e.g., IT and cyber risks, 3rdparty risks, model risks, anti-money laundering). These risks are not new but have become increasingly important in recent years. In addition, new risks like ESG-risk have emerged, especially in relation to climate change.

    Therefore, it is important that risk managers understand the business activities to proactively identify and mitigate risks, whilst being agile to act quickly in case of new challenges.

  • Impact de l’explosion mondiale des prix sur les entreprises belges

    Mardi 18/4/2023
    Christophe Ernaelsteen / Edward Roosens
    Ernaelsteen / Roosens

    The explosion of prices since the COVID-19 health crisis has significant impacts all around the world. In this contribution, we examine the consequences of the price explosion on the costs of Belgian companies. Four categories of costs are reviewed: the energy costs, the costs of raw materials and industrial inputs, the wage costs and the transport costs. For most of these costs, the increases are higher in Belgium than in the neighbouring countries. We then analyse and estimate the impact of the cost increases on the competitiveness of Belgian companies. According to our estimates, the loss of competitiveness of Belgian companies will be between 3 and 10%. To solve this situation, companies face what we have called an impossible dilemma: increase their selling price or reduce their profitability. However, both solutions will have negative effects on economic growth and employment in Belgium.

  • How can the financial sector be a partner for the future?

    Mardi 18/4/2023
    Karel Baert
    Baert

    This is the speech given by  Febelfin-CEO Karel Baert at this year’s Febelfin Connect event “The Financial sector, a partner for the future” in Brussels on March 29, 2023.

  • The financial sector, a partner for the future

    Mardi 18/4/2023
    Vincent Van Peteghem
    Van Peteghem

    This is the speech given by  vice-prime minister and minister of Finance,  Vincent Van Peteghem, at this year’s Febelfin Connect event “The Financial sector, a partner for the future” in Brussels on March 29, 2023.

  • How can the financial sector be a partner for the future?

    Mardi 18/4/2023
    Johan Thijs
    Thijs

    This is the speech given by  Johan Thijs, President of Febelfin and CEO of the Belgian banking and insurance group KBC, at this year’s Febelfin Connect event “The Financial sector, a partner for the future” in Brussels on March 29, 2023.

  • Update on Asset management and Non-bank financial intermediation in Belgium

    Mardi 18/4/2023
    NBB FSMA

    This article summarises the main findings of the most recent joint update report on asset management and non-bank financial intermediation (NBFI) by the Financial Services and Markets Authority (FSMA) and National Bank of Belgium (NBB), published on 21 December 2022. It is the fourth update of the joint NBB-FSMA report on Asset management and NBFI, formerly referred to as shadow banking, which was submitted to the Minister of Finance and the High-Level Expert Group (HLEG), and subsequently published, in September 2017.