Abstract
All Belgian and foreign institutions which regularly receive sight deposits or time deposits for periods of up to two years with the aim of employing these deposits for banking, credit or investment operations on their own account are subject to the Belgian Banking Law, and are supervised by the Commission Bancaire (Art.1 of the 1935 Banking Law).1
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Notes
Unless otherwise specified, references hereafter are to Articles of the 1935 Banking Law, as amended.
These are, for the most part, finance companies which raise their funds from the public.
The official market is used mainly for current transactions, as distinct from the free market, on which mainly capital transactions are settled. The markets have been fully separate since May 1971.
See 1.15.2 for the definition of own funds required for the establishment of branches of foreign banks.
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© 1981 Springer Science+Business Media Dordrecht
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Welch, J. (1981). Belgium. In: Welch, J. (eds) The Regulation of Banks in the Member States of the EEC. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-7639-0_1
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DOI: https://doi.org/10.1007/978-94-015-7639-0_1
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