Regulatory Alerts2013-12-26
Added · Updated
Royal Decree of 26 December 2013 approving the National Bank of Belgium Regulation of 23 December 2013 amending the Regulation of 15 November 2011 on the own funds of credit institutions and investment firms
This regulation introduces a requirement for excessive trading activity applicable exclusively to credit institutions, calculated as the higher of two specific amounts derived from trading assets and capital requirements. It defines trading assets and the sum of capital requirements using precise formulas based on either International Financial Reporting Standards or Belgian royal decrees, incorporating net trading assets, derivatives, and various risk exposures such as interest rate, equity, and commodity risks. The National Bank of Belgium may authorize credit institutions to exclude certain derivatives or EU government bonds from these calculations if they are used for hedging non-trading portfolio transactions or are necessary for market-making activities. The regulation enters into force on 31 December 2013.
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