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restructuring following the global financial crisis. FCs operated in multiple streams of the financial sector, especially in banking …
Persistent link: https://www.econbiz.de/10011244943
the banking and insurance sectors of Belgium since 2006. The Belgian financial system is relatively large with solid … links between banks and the Belgian sovereign have intensified owing to the crisis, with total exposure of the banking … sector to the federal government at 10 percent of banking sector assets in mid-2012. …
Persistent link: https://www.econbiz.de/10011245209
The Belgium Financial Sector Assessment Program (FSAP) stress testing exercise examines a financial sector that remains … in a state of transformation. Domestic economic challenges remain sources of continued uncertainty as the banking sector … funding shocks under different macroeconomic scenarios were assessed. Both banking and insurance tests underscore the …
Persistent link: https://www.econbiz.de/10011245216
with the Basel Core Principles (BCPs) for effective banking supervision. The National Bank of Belgium (NBB) deploys high …
Persistent link: https://www.econbiz.de/10011243209
The Belgian insurance industry was adversely affected by the global financial crisis and continued to confront challenges related to legacy assets and economic uncertainties in Europe. The Belgian authorities have made significant progress in updating the insurance regulatory regime and...
Persistent link: https://www.econbiz.de/10011244392
This Selected Issues paper illustrates the recent evolution in Belgian housing prices. Belgian housing prices peaked at the end of 2013 after a persistent increase that was almost continuous for 30 years. The stabilization of prices, combined with policy changes on the fiscal and...
Persistent link: https://www.econbiz.de/10011245071
The ability of the National Bank of Belgium (NBB) to provide emergency liquidity assistance to solvent but temporarily …
Persistent link: https://www.econbiz.de/10011245189
The 2014 Article IV Consultation discusses economic developments and policies in Belgium. It highlights that despite … its resilience, the Belgium economy has been losing competitiveness due to higher labor cost and lower productivity … regulatory frameworks are being strengthened with a new draft banking law that restrains trading activities and improves the …
Persistent link: https://www.econbiz.de/10011245688
The Belgian economy showed considerable progress through 2011 in terms of both growth and employment. However, the 2013 Article IV Consultation underlines that the European recession has had a negative impact on its economy, giving rise to unemployment. The economy has entered its second year of...
Persistent link: https://www.econbiz.de/10011242474
This 2015 Article IV Consultation highlights that Belgian economy has shown considerable resilience but the outlook is weighed down by weak demand in Europe. Healthy private balance sheets, integration with Germany, and employment support schemes have helped sustain employment and economic...
Persistent link: https://www.econbiz.de/10011243276