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Articles disponibles gratuitement du domaine d’activités de la Revue bancaire et financière – Bank en Financiewezen. Les articles sont mis à disposition dans leur langue originale.

  • Lundi 28/10/2019

    Arts and banking often seem worlds apart. ING, however, has been a passionate supporter of the arts for a long time. Art is an inextricable part of ING and is strongly embedded in ING’s identity: innovative, enterprising and modern, with a focus on progress and sustainability.

  • Lundi 28/10/2019

    The Belfius Art Collection includes some 4,300 objects of Belgian art within three sections: Flemish masters of the 16th and 17th centuries, Modern art from 1860 to 1960, and contemporary art from 1960 through to the present day. Every year, a new selection of some 60 works of the collection are presented in the Belfius Art Gallery in a thematic exhibition. Belfius’ support to Belgian art is also expressed by the loans of works from the art collection to Belgian museums, as well as through the purchase of works by young Belgian talents.

  • Jeudi 19/9/2019
    Hans De Cuyper

    What will our world look like in 10 to 15 years from now, and what will the role of insurance companies be in 2030? While we are all very curious about the answers to those questions, we have to admit it is impossible to predict the future. In a rapidly changing and ever more complex world full of uncertainties, it already is quite a challenge to develop a three-year strategy.  Therefore, Ageas and AG Insurance decided to bring together high potentials from around the world to develop scenarios for our business in 2030.  In this article, we share some highlights and conclusions from the 2030 team.  Some reflections on the future… but without giving you any certainty about the outcome!

  • Jeudi 19/9/2019
    Nathalie Vandepeute

    How do you remain relevant as a player in the payment market, in a rapidly changing payment world? Bancontact Payconiq Company has known the answer for decades: optimal positioning and constant innovation. Even at its foundation in 1978, the company pioneered electronic payments in our country. Today, the company is still innovating, as Bancontact Payconiq Company.

    The new company wants to be the driving force behind the adoption of mobile payments on the Belgian market. In this respect, the company launched its new Payconiq by Bancontact app at the start of 2019. This app enables all Belgians to pay online and offline with one single application, to settle invoices on the go and to directly pay another smartphone user even at distance.

    According to the company, cash will not disappear overnight, but the number of cash payments is likely to decrease. After all, the Major Payment Survey 2019 revealed that Belgians prefer to pay with their bank card or their mobile phone. Moreover, cash has a substantial social cost. Mobile payments are on the rise: in 2018, 34 million mobile payments were made with the mobile apps of the Company, twice as many as in 2017.

    What does the future hold? Many trends are constantly and rapidly changing the status quo in the payment landscape. Consumer expectations are changing, we have seen many technological innovations in recent years, and new players have entered the market. Bancontact Payconiq Company mainly sees instant payment as a game-changer.

    Several traditional local schemes have lost vast, sometimes life-threatening payment volumes. Currently, however, local schemes are emerging again, as alternatives to international card schemes, as are many mobile schemes. At the same time, ‘old’ local schemes such as Bancontact Payconiq Company evolve with their time, because they are still invested in and offer mobile solutions. They all want sovereign, independent systems they can control, to ensure a robust local economy. More importantly, they all enter the real battlefield: mobile.

  • Jeudi 19/9/2019
    Giuseppe Pagano

    This paper provides insight into what the European Union or Euro Area policy could look like if it were more directly inspired by Keynes’s views. It starts from the disappointing results of the EU-EA as far as employment, inequalities or environment are concerned. It also addresses the role of rules and sanctions vs discretion in the decision process, showing that budget rules have often been violated and the corresponding sanctions have never been applied. It suggests that at least 6 policy objectives - employment, price stability, economic growth, trade equilibrium, inequalities and environment - should receive equal priority. Ultimately, it advocates policies that could trigger public investments and create a real solidarity mechanism at the EA level. Drawing on Keynes’s The long run is a misleading guide for current affairs. In the long run, we are all dead, 27 years after the Maastricht Treaty, the paper claims that the long term, ... it’s now.

  • Jeudi 19/9/2019
    Dr. Frank De Jonghe

    The topic of ethical implications of the exploding applications of big data, machine learning and genuine AI has quickly captured the attention of industry practitioners, public observers like journalists, politicians and definitely conference organisers over the past year. It is a vast topic in its own right, deserving all the multidisciplinary attention it gets. In this short commentary, I will limit myself to reviewing some salient features of bias in the context of models used in the financial industry, and, more importantly for the practitioner, suggest some process and governance measures that boards and senior management of financial services companies can take to identify, monitor and mitigate this risk exposure.

  • Mercredi 10/7/2019
    Frank Lierman

    Report of the speech given by Peter Praet[1], Former Chief Economist and Member of the Executive Board of the ECB, at the Belgian Financial Forum in Brussels on June 5th, 2019

     

     

  • Mercredi 10/7/2019
    Frank Lierman

    Report of the speech given by Philippe Colle, Managing Director of Assuralia and Professor at the Vrije Universiteit Brussel, for the Belgian Financial Forum in Antwerp on March  27th, 2019.

  • Mercredi 10/7/2019

    Bilateral trade balances have become a growing focus of attention, as some policymakers are concerned that their large and growing size may reflect asymmetric obstacles to trade. A close examination of the drivers of bilateral trade balances, however, reveals that macroeconomic factors, rather than bilateral tariffs, have been the main drivers of growing imbalances. While tariffs have played a modest role in the evolution of bilateral balances, declines in tariffs have lifted productivity by allowing a greater international division of labor, including through participation in global value chains. A sharp increase in tariffs would therefore create significant spillovers, leaving the global economy worse off. From a policy perspective, our analysis suggests that the discussion of external imbalances is rightly focused on aggregate trade balances and the macroeconomic factors that drive them. Targeting particular bilateral trade balances with bilateral tariffs will likely mostly lead to trade diversion, leaving the aggregate trade balance unchanged. Instead, further multilateral reductions in trade barriers would benefit trade and, over the longer term, macroeconomic outcomes.

  • Mercredi 10/7/2019

    This article is based on the speech given for the Financial Forum Vlaams-Brabant in Louvain, January 30th, 2019.

     

    Continuity is the goal of each  transmission of a company. For such transition it is necessary to take into account the entrepreneurial aspects, but also the relationships within the family, the emotional and psychological impact. The fiscal treatment of a transmission is different for a gift and for a succession. Each company has different characteristics, so a case by case approach is appropriate.

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