Cover; TABLE; 1. Main Recommendations Crisis Management and Bank Resolution; CONTENTS; GLOSSARY; INTRODUCTION; INSTITUTIONAL FRAMEWORK; A. Domestic Arrangements; BOXES; 1. Lessons Learned from the Financial Crisis; B. Cross-Border Coordination and Exchange of Information; C. Crisis Preparation; PRUDENTIAL SUPERVISION; CRISIS MANAGEMENT TOOLS; A. Official Financial Support; B. Orderly and Effective Resolution; 2. Court Involvement in the Resolution Process; C. Deposit Guarantee Scheme; 3. Belgian Deposit Guarantee Scheme; OTHER ISSUES REGARDING THE BELGIUM RESOLUTION FRAMEWORK
A. Financial Market InfrastructuresB. Covered Bonds; APPENDICES; I. Overview of Bank Interventions During the Financial Crisis; II. Observations on the Belgian Deposit Guarantee Scheme
Summary
The ability of the National Bank of Belgium (NBB) to provide emergency liquidity assistance to solvent but temporarily illiquid firms is well tested and satisfactory. Belgian authorities are testing draft guidelines for recovery plans through pilot projects with selected firms that are of systemic importance. Introducing recurrent crisis management simulations would allow the authorities to test the coordination arrangements and potential application of the crisis management toolkit. It is commended that the NBB can enhance the framework for orderly and effective resolution
Notes
Available in PDF, ePUB, and Mobi formats on the Internet
