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Belgium : technical note on crisis management and bank resolution framework.

Author: Mario Tamez; Constant Verkoren; International Monetary Fund.
Publisher: Washington, D.C. : International Monetary Fund, ©2013.
Series: IMF country report, no. 13/135.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
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  Read more...
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Details

Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Mario Tamez; Constant Verkoren; International Monetary Fund.
OCLC Number: 844847920
Notes: Title from PDF title page (IMF Web site, viewed May 28, 2013).
"Prepared by Mario Tamez (LEG) and Constant Verkoren (MCM)"--Page 6 of pdf.
"May 2013."
"April 16, 2013"--Page 2 of pdf.
Description: 1 online resource (37 pages).
Series Title: IMF country report, no. 13/135.
Other Titles: Belgium, financial sector assessment program update, technical note, crisis management and bank resolution framework

Abstract:

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.

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