Regulatory Alerts2012-06-04 | NBB_2012_05Added · Updated
BNB Regulation of 15 November 2011 on Own Funds
The National Bank of Belgium (BNB) Regulation of 15 November 2011 replaces the former CBFA regulation and transposes the European CRD III directive into Belgian law for credit institutions, investment firms, liquidation bodies, and financial companies. It introduces stricter capital requirements for securitization and resecuritization exposures, raises the specific risk charge for equity positions from 4% to 8%, and mandates the use of Stressed VaR for internal models. The regulation extends the floor on Loss Given Default (LGD) for residential mortgages indefinitely and prolongs the general floor for IRB and AMA banks until 31 December 2015, with new trading book securitization rules applying from 31 December 2011 and a transitional period until 31 December 2013.
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