Below is a list of articles from the Banking and Finance magazine.
The Eurosystem, to which the NBB belongs, is responsible for conducting monetary policy for the euro area, while incurring as little risk as possible. But striking the right balance is like walking a tightrope, as you will discover in this article!
This study analyses the impact of green mergers and acquisitions (M&A) on rivals in the U.S. market. The findings show that green M&A strengthen the competitive position of acquirers through the integration of clean technologies, while creating a disadvantage for non-green rivals.
This article investigates various strategies for investing the yearly fiscal limit into an individual pension savings fund. Multiple common investment approaches are evaluated.
This article provides an analysis on the undervaluation of Belgian Holdings and its determinants.
The Capital Asset Pricing Model (CAPM) assumes a positive risk-return relationship. This positive risk- return relationship has been questioned and rejected in literature due to the existence of other persistent factor premia.
This article examines how the European Central Bank's (ECB) green policy announcements impact the performance of green bonds, focusing on five green ECB speeches.
Since the beginning of this year, the ECB and the NBB have been publishing data on the distribution of household wealth: the distributional wealth accounts (DWA). These experimental statistics are based on the macro data from the National Accounts and on the micro data from the Household Finance and Consumption Survey.
In 2023, the NBB has asked a sample of financial market infrastructures, custodians, payment transaction processors and critical service providers to complete a questionnaire on climate-related risks. The answers showed that the institutions are aware of climate-related risks and that these risks are adequately embedded in the governance framework. However, ...
Euroclear Bank played and continues to play an important role in the implementation of international sanctions against Russia. A large share of the assets affected by these sanctions were safeguarded and, following the imposition of the sanctions, effectively frozen or immobilised in the accounts of Euroclear Bank.
The Digital Operational Resilience Act (DORA) aims to enhance the digital resilience of the European financial sector by addressing ICT risks through comprehensive governance, incident management, resilience testing, third-party risk management, and awareness initiatives. Effective from January 2025, DORA targets a wide range of financial entities, ensuring harmonized and stringent ICT security measures across the EU.
Swift is a financial messaging services provider that is subject to central bank oversight because of its crucial global role in facilitating correspondent banking and financial market infrastructure operations. The article describes the set-up and focus areas of the international cooperative oversight arrangement for this central bank oversight and announces a planned update to this arrangement.
This study confronts micro-level data on asset allocation with low interest rates and monetary policy for a broad set of defined benefit pension funds in the United States. Findings indicate that funds increase their investments in equity assets and decrease their investments in fixed-income assets in response to interest rate reductions. Strikingly, the passive portfolio movements through mechanical return effects explain the most significant part of the observed change.
