Belgium : Technical Note on Securities Markets Regulation and Supervision.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. European Department.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/136

IMF Staff Country Reports

Language:

English

Subjects (All):

Finance--Belgium.

Finance.

Belgium--Economic conditions.

Belgium.

Physical Description:

1 online resource (40 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

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.

Contents:

Cover; TABLES; 1. Detailed Policy Recommendations; CONTENTS; GLOSSARY; THE BELGIAN FINANCIAL SERVICES LANDSCAPE; ADDRESSING RECOMMENDATIONS IN THE 2006 FSAP; THE IMPACT OF CHANGES IN REGULATORY ARCHITECTURE; A. Background; BOXES; 1. The FSMA's Responsibilities; B. The FSMA's Structure and Staff; C. Policy Development; D. General Supervisory Approach; E. Conduct of Business Supervision; F. Prudential Supervision; 2. Prudential Supervision at the FSMA; G. Markets Supervision; H. Enforcement Activity; I. International Engagement; J. Cross-border Cooperation Arrangements

DESIGN OF THE REGULATORY MODELCOORDINATION AND COOPERATION BETWEEN THE FSMA AND THE NBB; 3. Mandated Event and Institution Specific Interaction; 4. Additional Areas to be Covered by Collaboration Protocols; STRUCTURED PRODUCT REGULATION; FIGURE; 1. Exposure to Structured Products; 2. Pre-Moratorium-Number and Value of Issuances by Year Since 2005; 3. Pre-Moratorium-Breakdown of Products by Product Type; 4. Pre-Moratorium-Market Share of Key Institutions; 5. Moratorium Elements; SYSTEMIC RISK AND REVIEWING THE REGULATORY PERIMETER; CONCLUSION; APPENDIXES

I. Financial Services Institutions in Belgium SubjectII. Addressing Recommendations of the 2006 FSAP

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on print version record.

ISBN:

9781484319475

1484319478

9781484376195

1484376196

9781484309209

1484309200