Supervisory Disclosure Requirements of the NBB under Basel II

NOTICE: All information in this section is momentarily only available in English. Where references are made to documents published by the NBB, the content of those documents is mostly only available in French and Dutch. 

The importance of supervisory transparency and accountability has been stressed by the Basel Committee on Banking Supervision and by European legislation being the Capital Requirements Directive (CRD IV) 2013/36/EU, and the Capital Requirements Regulation (CRR) No 575/2013. Articles 143 and 144 of the CRD stipulate explicit disclosure requirements for national supervisory authorities.

To ensure uniformity and comparability of the disclosed information, the European Banking Authority (EBA), developed a standardised web-based supervisory disclosure framework and published general guidelines on the implementation of the framework.

The tables of information in this section are identically implemented on the homepages of the national competent authorities of the EU Member States. The EBA website serves as a centralised electronic repository and allows for quick and easy comparison of the relevant information. The websites of the national competent authorities provide the exhaustive and detailed information required by the CRD. This two level approach increases the transparency and comparability of the data and information disclosed.

To comply with its supervisory disclosure requirements, the NBB implemented a special area within its website. In analogy with the provisions of Article 143 of the CRD, the content of the supervisory disclosure requirements has been divided into four sections:

  1. Rules and guidance:
    • Texts of laws and regulations adopting the Basel III provisions within directive 2013/36/EU and Regulation (EU) No 575/2013 in Belgium. These texts outline the basic legislative and regulatory framework for credit institutions and investment firms subject to supervision by the NBB.
    • Administrative rules refer to documents that instruct supervised entities on how to satisfy legislative and regulatory requirements.
    • General guidance includes explicit disclosure requirements from directive 2013/36/EU and explanations by the NBB deemed necessary to set out how the rules should be applied by institutions. Additionally, such guidance will cover any other relevant information that the NBB wishes to release to enhance the understanding of the new capital adequacy framework.
        
  2. Options and national discretions:
    • Directive 2013/36/EU and Regulation (EU) No 575/2013 contain a large number of options and national discretions which may be applied on the basis of national circumstances. This section is intended to make it easy for end-users to obtain an overview of how these options and national discretions are exercised in Belgium.
        
  3. Supervisory review:
    • This section covers the general criteria and methodologies used by the NBB in the Supervisory Review and Evaluation Process (SREP), minimum requirements for institutions' own Internal Capital Adequacy Assessment Process (ICAAP) and policies on supervisory measures with respect to specific circumstances or institutions.
        
  4. Statistical data:
    • This section includes aggregate statistical data on key aspects of the implementation of Basel III in Belgium. The disclosed tables comprise information on the Belgian banking sector, credit risk, operational risk, market risk and supervisory actions and measures. In this section, the NBB may omit one or more items of information, if those items include information which is regarded as proprietary or confidential.