RegAlert2016-07-18 | NBB_2016_34Added
Communication NBB_2016_34 / Restructuring Plans – Obligations Regarding Encumbered Assets
The National Bank of Belgium clarifies the obligations of Belgian credit institutions regarding encumbered assets under Article 110 of the Banking Law, requiring restructuring plans to include corrective measures and escalation procedures when asset encumbrance ratios exceed defined thresholds. Institutions are categorized into three groups based on eligible deposits relative to total assets, with specific flashing and restructuring plan thresholds applied to strict and broad available assets. Credit institutions must monitor these ratios quarterly, notify the regulator immediately upon reaching any threshold, and report decisions taken or not taken following the escalation procedure.
NBB published 1 document in the last 30 days — get each new one by email the day it lands.
NBB_2016_34 – 18 July 2016 Communication – Page 1/5 14 Berlaimont Boulevard – BE-1000 Brussels tel. +32 2 221 38 12 – fax +32 2 221 31 04 company number: 0203.201.340 RPM Brussels www.bnb.be
Communication
Brussels, 18 July 2016
Reference: NBB_2016_34 your contact:
Janet Mitchell tel. +32 2 221 34 59 – fax +32 2 221 31 04 janet.mitchell@nbb.be
Restructuring Plans – Obligations Regarding Encumbered Assets
Scope
This communication is intended for all Belgian credit institutions.
Summary/Objectives
This communication aims to provide further clarification to institutions regarding their obligations concerning encumbered assets, which arise from Article 110, § 2, of the Banking Law.
Read the rest free, and get an email when NBB publishes again
Lineage: In force
Source: National Bank of Belgium — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
More like this from NBB
NBB published 1 document in the last 30 days. We email you each new one the day it's published.