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  • Bazel IV: het sluitstuk van de jarenlange bankhervormingen

    Vrijdag 1/7/2022
    Sietse Bracke

    Basel III is an internationally agreed set of measures developed by the Basel Committee on Banking Supervision in response to the great financial crisis of 2007-09. The measures aim at strengthening the regulation, supervision and risk management of banks. In this contribution Sietse Bracke (NBB) outlines in a non-technical way the major aspects of the finalised Basel III framework – dubbed Basel IV by many. Furthermore, challenges with respect to the implementation in the EU are discussed and it is argued that a timely implementation of a non-watered-down version of the Basel framework is warranted to assure long run soundness of the financial system and robust bank lending in times of crisis.

     

    Vijftien jaar na de financiële crisis van 2008 kunnen we eindelijk een punt zetten achter de invoering van de Bazelakkoorden. Nu ja, een punt zetten… Het laatste pakket maatregelen moet nog omgezet worden in de EU-wetgeving en daar knelt het schoentje. De Nationale Bank trekt aan de alarmbel: een verwaterde versie van de Bazel IV-afspraken volstaat niet om de financiële stabiliteit te garanderen.

  • The EU-wide stress tests of EBA/SSM: necessity and guarantee for a resilient banking sector?: some introductory remarks

    Donderdag 10/3/2022
    Jo Swyngedouw / Saifeddine Ben Hadj
    Swyngedouw / Ben Hadj

    The purpose of a stress test for banks is straightforward: determine how much capital is required by a bank to navigate through a financial storm and continue to provide financing to the economy. The first EU-wide stress test was conducted in 2009 in the aftermath of the global financial crisis to restore confidence and has become since then an integral part of the supervisors’ toolbox. It helps assess financial vulnerabilities and provide market participants with comparable information. Thanks to the interaction with the supervisor, the stress test encourages banks to think about their own vulnerabilities and their exposure to tail events. The results feed directly into capital requirement given that stress tests are the main input to determine the pillar two guidance (P2G). In the future, supervisory stress tests might move towards a more extensive use of gradual data to increase efficiency and realism. The scope of the exercise should also be enlarged to cover climate risk in addition to the more traditional financial risks.

  • Impact of fintech and digitalisation on the Belgian banking sector and its supervision

    Dinsdag 26/3/2019
    National Bank of Belgium
    NBB

    In recent years, the financial sector has been characterised by an increasing degree of digitalisation and the introduction of numerous new applications, processes or products under the impetus of technological innovations and changed preferences of the consumer. Digital transformation and fintech are concepts that are closely intertwined. They are characterised on the one hand by the entry into the market of new innovative service providers and on the other hand initiatives of existing institutions whereby the organisation, the processes, the service provision and the product range are improved through technological innovations. Fintech and digitalisation have a significant impact on individual banks but also on the sector as a whole. In order to gather a sector-wide insight into the important trends and evolutions regarding fintech and digitalisation in the Belgian financial landscape, the NBB has started an analysis, based on a survey among and discussions with Belgian banks, to solicit general insights into and observations about fintech, views on certain specific business models and technologies, and the concrete fintech strategy followed by Belgian banks. This report summarises the results of that analysis and wishes to contribute to raising awareness about the risks and opportunities of fintech. It also aims to share knowledge about the development of fintech in the Belgian banking sector, and to provide support to institutions in dealing with certain fintech-related challenges, by sharing best practices observed.

  • European capital market integration: where have we got to and how far to go?

    Donderdag 15/11/2018
    Josina Kamerling

    On 6 June 2018, CFA Institute hosted a conference at the European Parliament in Brussels on the progress of the European Commission’s flagship Capital Markets Union project, which aims to create a single EU-wide market for capital by 2019. Josina Kamerling, Head of Regulatory Outreach EMEA at CFA Institute, reviews the discussion and evaluates the proposed regulation and the challenges and opportunities that accompany it.

  • FSAP: Belgian financial sector (supervision) assessed by the IMF

    Woensdag 27/6/2018
    National Bank of Belgium

    This article is composed of excerpts from the 2017 annual report of the National Bank of Belgium (“Report 2017 - Economic and financial developments, NBB, March 2018), the FSAP results and recommendations published by the IMF on 8 March 2018 (“Belgium : Financial System Stability Assessment”, IMF, March 2018) and the press release issued by the NBB at the time (IMF stress tests confirm that Belgian banks and insurance companies are able to withstand severe shocks, NBB, 8 March 2018).

  • Book Review: Alexandre Lamfalussy Selected Essays

    Dinsdag 30/5/2017
    Sylvain Plasschaert
    Lamfalussy

    Book Review: Alexandre Lamfalussy Selected Essays. Edited by Ivo Maes, in cooperation with Gyôrgy Szapàry, Magyar Nemzeti Bank / National Bank of Belgium. Published by the Magyar Nemzeti Bank, Budapest (2017), 405 p.