Regulatory Alerts2014-05-07
Added · Updated
Royal Decree of 25 April 2014 approving the Regulation of 1 April 2014 of the National Bank of Belgium concerning encumbered assets in the context of recovery plans
The National Bank of Belgium establishes minimum and maximum thresholds for indicators related to encumbered assets under Article 110 of the Credit Institutions Act. For 'encumbered assets in the narrow sense', the supervisory authority must set scales between 80% and 100% of eligible deposits, while for 'encumbered assets in the broad sense', scales must range between 100% and 135%, with a possible individual reduction to a minimum of 95%. Credit institutions are prohibited from publicly disclosing these indicators or their individual situations regarding them.
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