Regulatory Alerts2020-07-30
Added · Updated
NBB Macroprudential Communication on dividend distributions
The NBB urges all Belgian credit institutions and insurance and reinsurance undertakings active in the Belgian financial market to refrain from dividend distributions, share buy-backs, and variable remuneration obligations until at least 1 January 2021. This macroprudential endorsement requires the comprehensive application of existing microprudential restrictions to ensure financial stability and preserve the sector's resilience against downside risks related to the COVID-19 crisis. The directive applies to all such entities regardless of whether they are subsidiaries in an international group.
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