Results for Belgium
- KBC Rules Itself Out Of Link-Up With Ulster Bank
Belgian financial institution KBC appeared to rule itself out yesterday from any interest in a link-up with Ulster Bank in the Republic as part of the strategic review being carried out by that bank’s parent company, Royal Bank of Scotland, the Irish T ...
Daily Headline - global.abi.org - 06/18/2014 - 22:23 - 0 comments
- Love me tender: How a project rocked INSOL Europe
The European Commission in Brussels engaged in the reform of the European Insolvency Regulation in 2012. The goal of the reform was to adapt the Insolvency Regulation to the changes that had occurred over the last 10+ years and to strengthen the resc ...
Resource Article - twallace@abiwor... - 05/29/2014 - 10:52 - 0 comments - 1 attachment
- Commission recommends new approach to rescue businesses and give honest entrepreneurs a second chance
The European Commission has today set out a series of common principles for national insolvency procedures for businesses in financial difficulties. The objective is to shift the focus away from liquidation towards encouraging viable businesses to restru ...
Resource Article - twallace@abiwor... - 03/24/2014 - 17:45 - 0 comments - 1 attachment
- KBC Makes €775 Million Provision For Bad Debt
KBC Bank Ireland chief executive John Reynolds is to step down after almost 30 years with the company, the Irish Times reported. The Belgian lender also announced it would need to make a provision of up to €775 million in the fourth quarter for poten ...
Daily Headline - global.abi.org - 11/14/2013 - 22:41 - 0 comments
- Dexia In Talks With New York Life To Sell Asset Management Arm
Belgian financial group Dexia has entered into exclusive talks with New York Life Investments to sell its asset management unit, it said late on Thursday. The group, which has to sell Dexia Asset Management as part of a deal with European regulators in e ...
Daily Headline - global.abi.org - 09/19/2013 - 22:39 - 0 comments
- Belgium: amendments to the Prospectus Act and to the Prospectus Regulation
The Prospectus Directive 2003/71/EC (the "Prospectus Directive") and the Prospectus Regulation No 809/2004 (the "Prospectus Regulation") were amended by Directive 2010/73/EU (the "Amending Directive") and Regulations Nos 311 ...
Resource Article - twallace@abiwor... - 09/23/2013 - 13:33 - 0 comments - 1 attachment
- Can Debt Cuts Be Automated?
Greece’s announcement Monday that it ran a primary surplus for the first seven months of this year – a key condition for further help from Athens’ euro zone partners — is set to intensify a debate that has been bubbling in the background for some time: H ...
Daily Headline - global.abi.org - 08/12/2013 - 22:48 - 0 comments
- KBC Ireland Records €69 Million Loss Despite Drop In Loan Impairments
KBC Bank Ireland recorded a €69 million loss after tax and charges for impaired loans for the three months to the end of June, the Irish Times reported. This was down from €96 million in same period last year. The Belgian lender said Irish loan impai ...
Daily Headline - global.abi.org - 08/08/2013 - 22:19 - 0 comments
- Belgium’s Tax System Gets Fairer
Fairness. Everyone loves being fair, right? So who can resist a fairness tax? Not the Belgian government, The Wall Street Journal Brussels Beat blog reported. In late-night negotiations to trim billions off the country’s budget and meet European Unio ...
Daily Headline - global.abi.org - 07/02/2013 - 20:20 - 0 comments
- Brussels Bank Resolution Blueprint Sets Up Clash With Germany
Brussels is to propose giving itself powers to wind up failing eurozone banks, in an uncompromising banking union plan that pays little heed to Germany’s legal and political concerns. According to a summary of the “single resolution mechanism” proposal s ...
Daily Headline - global.abi.org - 06/03/2013 - 20:50 - 0 comments