European Parliament Library

Belgium :, Technical Note on Financial Conglomerate Supervision

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
Table Of Contents
Cover; TABLES; 1. Detailed Policy Recommendations; CONTENTS; GLOSSARY; INTRODUCTION; THE BELGIAN BANCASSURANCE MODEL-SYNERGIES AND VULNERABILITIES; 2. Comparative Characteristics of a Conglomerate's Business Areas; ANALYSIS OF THE BELGIAN SUPERVISORY FRAMEWORK FOR FINANCIAL CONGLOMERATES; A. Supervisory Powers and Authority; BOXES; 1. The International Framework for Conglomerate Supervision; 3. Differentiated Prudential Treatment Under FICOD and Sectoral Directives; B. Supervisory Responsibility; C. Corporate Governance; D. Risk Management; 2. The Requirements for FCs Risk Management
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (44 p.)
Specific Material Designation
Form Of Item

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