The oversight of payment and securities settlement systems is an activity delegated to central banks for the purpose of promoting financial stability.
The national plan for BCP for critical players in the financial sector aims to strengthen the resilience of the Belgian financial system events likely to affect the operational continuity.
The main aim of the European framework for recovery and resolution of bank failures is to enable the management of failures of credit institutions without compromising the stability of the financial system.
Financial oversight
The primary objective of any modern central bank, aside from monetary stability, is maintaining an efficient and reliable financial system.
The National Bank has updated its circular on the governance system for the insurance and reinsurance sector and simplified its expectations regarding qualitative reporting in 2019.
Financial Stability Report 2018:
“A sound and robust Belgian financial sector, but some formidable challenges”