Belgium

Results for Belgium

Senior management responsibility in banks

Regulators have made clear their view that responsibility for the culture of a bank sits at the top; if senior management create the right culture, good regulatory practice and procedures will naturally follow. Following the financial crisis banks’ s ...

Resource Article - twallace@abiwor... - 11/08/2017 - 09:02 - 0 comments - 0 attachments

Introduction of UBO-registers in Benelux running late / Invoering UBO-register Benelux vertraagd

On 26 June 2017 the deadline has passed for the implementation of the European directive on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (the Fourth anti-money laundering directive). With t ...

Resource Article - twallace@abiwor... - 07/14/2017 - 12:06 - 0 comments - 0 attachments

New Prospectus Regulation published

The new Prospectus Regulation (EU) 2017/1129, which will be binding in its entirety and directly applicable in all Member States, has been published on 30 June 2017 in the Official Journal of the European Union. It will enter into force on 20 July 2017 a ...

Resource Article - twallace@abiwor... - 07/14/2017 - 10:41 - 0 comments - 0 attachments

Brussels Presses Plan to Bundle Eurozone Debt

Brussels is pressing for sovereign debt from across the eurozone to be bundled into a new financial instrument and sold to investors as part of a proposal to strengthen the single currency area, the Financial Times reported. A European Commission pap ...

Daily Headline - global.abi.org - 05/30/2017 - 21:07 - 0 comments

Ranking and Priority of Creditors

After the first two Volumes on Commencement of Insolvency Proceedings (2012) and the Treatment of Contracts in Insolvency (2013), Ranking and Priority of Creditors is the third Volume of the Oxford University Press’ International and Comparative Insolven ...

Resource Article - twallace@abiwor... - 04/25/2017 - 09:55 - 0 comments - 1 attachment

Brussels Warns Italy to Cut Public Debt by April

reforms and other “structural measures” worth 0.2 per cent of gross domestic product. Valdis Dombrovskis, ...

Daily Headline - global.abi.org - 02/22/2017 - 21:46 - 0 comments

The CJEU imposes strict conditions on the use of an integrated mailbox in a client-dedicated web space for e-banking and other services

In its judgment of 25 January 2017 in a case (C- 375/15) opposing BAWAG, an Austrian bank and VKI, an Austrian consumer organisation, the Court of Justice of the European Union ("CJEU") answered the question whether payment service providers ma ...

Resource Article - twallace@abiwor... - 02/08/2017 - 12:41 - 0 comments - 0 attachments

KBC Cuts Irish Loan-Loss Provision Forecast As Profits Rise

Belgian financial services group KBC has cut its forecast for loan-loss provisions in Ireland and announced a €39.5 million second-quarter net profit for its Irish arm, the Ifish Times reported. KBC Bank Ireland, which has €14 billion of Irish loans ...

Daily Headline - global.abi.org - 08/11/2016 - 21:09 - 0 comments

Article from INSOL Europe (28 March - 3 April 2016) GlobalINSOLvency Editorial Board

The Belgian Business Continuity Act of 31 January 2009 (“BCA”) provides for specific (court-supervised) restructuring proceedings during which the debtor company is protected against its creditors’ claims. The BCA was amended by the Act of 27 May 2013. T ...

Resource Article - twallace@abiwor... - 04/08/2016 - 15:06 - 0 comments - 1 attachment

UBS Faces Money Laundering and Fraud Inquiry in Belgium

A Belgian magistrate judge is investigating whether the Swiss bank UBS engaged in fraud, money laundering and other crimes in an effort to help wealthy individuals avoid taxes, the Brussels prosecutor’s office said on Friday, the International New York ...

Daily Headline - global.abi.org - 02/28/2016 - 22:35 - 0 comments

Syndicate content