Below is a list of articles from the Banking and Finance magazine.
During a strategic exercise the Belgian Financial Forum (BFF) has made several significant decisions to reposition itself. From a strategic, operational, and budgetary perspective, the BFF has chosen to focus on seminars, colloquia, and similar events to ensure their impact and quality can continue to be guaranteed in the current context.
This is the introductory speech give by Michael Anseeuw, President of Febelfin during the Belgian Financial Forum event on the Savings and Investments Union (Brussels, 24 October 2025).
This article is based on the speech given by Karel Baert, CEO of Febelfin, during the Belgian Financial Forum event on the Savings and Investments Union (Brussels, 24 October 2025).
This is the keynote speech given by Verena Ross, ESMA Chair, during the Belgian Financial Forum event on the Savings and Investments Union (Brussels, 24 October 2025).
This study investigates the ECB’s unprecedented quantitative tightening, analysing its underlying rationale, implementation challenges, and financial market effects. QT seeks to restore policy space and reinforce institutional credibility, yet its transmission and optimal design remain uncertain. Event-study evidence indicates that QT announcements led to significant increases in sovereign yields, while effects on other asset classes were limited.
As climate change intensifies floods, storms, and heatwaves, the foundations of the (re)insurance sectors are being tested. This article explores whether natural catastrophes will remain (re)insurable in Western Europe, and what that means for Belgium, where exposure and premiums are both rising. Drawing on unique industry data, it highlights how climate risk is reshaping financial resilience and why urgent reform is needed to keep protection affordable.
This article explores the early effects of MiCAR on euro-pegged stablecoins using an event study and a difference-in-difference analysis. It examines the impact of MiCAR’s approval on returns, volatility, and trading volumes. Overall, returns and volatility showed no significant changes, consistent with stablecoins’ claim to maintain a stable value. Trading volumes were also largely unaffected. Larger stablecoins, however, exhibited a positive return response, which may reflect increased confidence following MiCAR’s introduction.
Er werd onderzocht of er een verband bestaat tussen de duurzaamheid van beleggingsfondsen en de bijbehorende kosten voor beleggers. De analyse richtte zich op drie kostencomponenten: de aankoop-, de lopende en de totale kosten van een fonds. Duurzaamheid werd gedefinieerd aan de hand van artikelen 6, 8 en 9 van de Sustainable Finance Disclosure Regulation (SFDR). Op basis van een zelf samengestelde steekproef werden drie regressieanalyses uitgevoerd om te onderzoeken of duurzame fondsen hogere kosten met zich meebrengen dan niet-duurzame fondsen.
The thesis extends classical 2D MPT to a 4D framework that also includes ESG and Market SCR. It builds 4D profiles for 14 asset classes using returns, volatility, ESG scores and Solvency II SCR. First, an A Posteriori model generates millions of portfolios and extracts a 4D Pareto-efficient frontier. Second, an A Priori model applies investor profile to pick preferred portfolios, revealing distinct allocation patterns. Third, the 4D set is compared to 2D results.
This study explores the influence of weather conditions on market returns and trading activity. It is assumed that meteorological parameters influence mood, which will in turn affect individuals when making investment decisions. Unlike the few behavioural finance studies on the subject, this work relies not only on market data but also on a sample of retail trading accounts to better capture heterogeneity across investors. The results reveal a significant influence of sunshine duration, precipitation quantity and temperature on financial markets.
Sinds de omzetting van de Tweede Aandeelhoudersrichtlijn in 2020 moeten Belgische beursgenoteerde ondernemingen transacties met verbonden partijen onmiddellijk openbaar maken via een persbericht. Deze maatregel moet meer transparantie creëren en minderheidsaandeelhouders beter beschermen.
During the Belgian Financial Forum event on September 30, 2025, Etienne Bouas-Laurent, Chairman of Assuralia, sat down with Indra Dewitte, Editor-in-Chief of Het Belang van Limburg, to share his vision for the insurance sector in Belgium and beyond. His reflections offer a compelling look at the sector’s societal role, regulatory challenges, and future opportunities.
