Events listed in Belgium
National Bank adjusts macroprudential capital requirements
ID 24796
The NBB has decided to maintain the countercyclical buffer rate at 0% for exposures in Belgium in the third quarter of 2023. This decision follows a period of uncertainty in 2022 and the first half of 2023, marked by potential energy crises, shifting credit and real estate cycles, and turbulence in the US and Swiss banking sectors. The NBB’s aim during this time was ...
FSMA press release regarding Binance
ID 24744
The FSMA has issued a press release regarding Binance’s recent decision. Binance has chosen to discontinue its services from a non-EEA country to its Belgian clients, offering them the option of transitioning to Binance Poland in compliance with Belgian law. The **FSMA has emphasized that client transfers to Binance Poland should be conducted through individual agreements with each client. For clients who decline this ...
Publication by ESMA of a statement relating to sustainability disclosures in ...
ID 24413
The FSMA informs about the statement by ESMA concerning sustainability disclosures in prospectuses (please see event#22064). Although the statement is directed at supervisory authorities, ESMA encourages issuers and their advisors to consider these guidelines while preparing prospectuses, especially regarding sustainability-related information. ESMA’s statement aims to provide clarity on disclosure requirements for sustainability matters in both equity and non-equity pr ...
Newsletter: The FSMA’s operating expenses: the payment requests for intermediaries ...
ID 24048
The FSMA has released a newsletter, infirming about payment invitations for intermediaries for the year 2023 in the CABRIO application. Intermediaries have a 30-day payment period. Payment invitations will now be available exclusively on CABRIO, and paper invitations will no longer be sent by mail. This digital approach enhances security and is more environmentally friendly. To access the payment invitation(s) on CABRIO, **intermediaries must ...
National Bank considers re-activation of the countercyclical capital buffer
ID 23970
The NBB has announced its decision to maintain the CCyB at 0% for the quarter starting on 1 July 2023. However, the NBB will consider re-activating the CCyB for the following quarter, beginning on 1 October 2023. The decision to maintain the buffer at zero was made in response to high uncertainty caused by **potential energy crises, turning credit and real estate cycles, as ...
FSMA orders Binance to cease immediately all offers of virtual currency services in ...
ID 23859
The FSMA has ordered Binance, a virtual currency service provider, to immediately stop offering its services in Belgium. The FSMA found that Binance was providing exchange services between virtual currencies and legal currencies, as well as custody wallet services, from countries outside the European Economic Area. Such activities are prohibited for entities governed by non-EEA countries. Failure to comply with this prohibition results in ...
AGEFI AM Tech Day – 3 octobre 2023
ID 23653
The AM TECH DAY is a significant European event focused on the impact of technological innovations on the asset management industry. It features four stages for conferences, roundtable discussions, and workshops, as well as an exhibition space for partners. Additionally, there is a TV set and two video studios present. The event also includes the 8th edition of the AM TECH DAY AWARDS. Attending ...
The economic consequences of artificial intelligence
ID 23506
The NBB published a research article in the Economic Review of 2023 entitled „The economic consequences of artificial intelligence: an overview“, exploring the impact of AI on various industries and its potential drawbacks. The article highlights that AI is transforming industries such as healthcare, finance, transportation, and manufacturing. AI is being used in healthcare to improve patient outcomes, detect diseases, and develop personalized treatment ...
Newsletter: The FSMA’s operating expenses: your contribution is important to ensure ...
ID 23426
In its May 2023 Newsletter, the FSMA emphasized that contributions to the operating costs of the FSMA are important for maintaining an honest and reliable financial sector. Indeed, the FSMA is responsible for ensuring that only individuals with sufficient professional knowledge and ethical conduct have access to the financial industry. They intervene when intermediaries or lenders fail to comply with the applicable rules. The ...
The FSMA clarifies how clients‘ sustainability priorities should be taken ...
ID 23395
The FSMA recently published a document providing information on the implementation of the ESMA Guidelines (ESMA35-43-3172) regarding certain aspects of the suitability requirements of the MiFID II Directive. Under Article 16 of the ESMA Regulation, ESMA can issue guidelines to competent authorities or financial market participants to establish consistent, efficient, and effective supervisory practices within the European financial surveillance system. The competent authoritie ...