Royal Decree of 30 June 2014 on covering the costs of the National Bank of Belgium related to the comprehensive assessment, including balance sheet assessment, under Article 33(4) of Regulation (EU) No 1024/2013

The Royal Decree of 30 June 2014 mandates that the National Bank of Belgium charges the costs associated with the comprehensive assessment, including balance sheet assessment, to the credit institutions subject to that assessment. These costs, primarily third-party and external expenses, are allocated based on the actual share of each institution's assessment, calculated by dividing total costs by total man-days and multiplying by the institution's specific man-days, with price differences between service providers smoothed out. Internal operating costs such as personnel and depreciation remain excluded and are treated as current prudential supervision costs under existing legislation.

NBB published 1 document in the last 30 days — get each new one by email the day it lands.

FEDERAL PUBLIC SERVICE FINANCES
[C − 2014/03310]
30 JUNE 2014. — Royal Decree concerning the coverage of the costs of the National Bank of Belgium related to the comprehensive assessment, including balance sheet assessment, referred to in Article 33, paragraph 4, of Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions

REPORT TO THE KING

Sire,

In the context of the assignment to the European Central Bank (hereinafter: the ECB) of certain tasks concerning the policy relating to the prudential supervision of credit institutions, the ECB carries out a comprehensive assessment, including a balance sheet assessment, for certain credit institutions. The National Bank of Belgium (hereinafter: the Bank) is required to cooperate in this capacity as the national competent authority.

Read the rest free, and get an email when NBB publishes again

Email me when NBB publishes something newOne email per publication, same day. Sign in below to keep reading.

Lineage: In force

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

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