What is the Belgian Financial Services Authority? Belgian Financial Services AuthorityReview, Features

The Financial Market Authority of Belgium is responsible for supervising financial markets, financial service providers (such as investment firms) and supplementary pension funds in Belgium.

About the Belgian Financial Market Authority

The Financial Services and Markets Authority works to ensure honest and fair treatment of financial consumers and the integrity of financial markets.

Belgian financial sector supervision is permanent and exists to ensure confidence in financial markets and to ensure that investors and financial consumers are treated honestly, fairly and professionally.

Belgian supervision is organized in a “twin peaks” model, with two autonomous supervisors: the National Bank of Belgium and the Financial Services and Markets Authority (FSMA).

The FSMA is responsible for supervising financial markets and companies, information published by certain categories of financial service providers and intermediaries, compliance with business rules by financial intermediaries, the sale of financial products to the public, and pensions. The Belgian government also entrusts the Financial Services Authority with the responsibility for the financial education of savers and investors.

Advantages of the Belgian Financial Market Authority

Supervision of financial markets and monitoring of financial information published by companies, monitoring compliance with business rules, product regulation, supervision of financial service providers and intermediaries, supervision of supplementary pensions, and contribution to improving financial education.

The NBB is responsible for the prudential supervision of credit institutions, insurance companies, stockbroking firms and other financial organizations. As the central bank of Belgium, the NBB is responsible for setting Belgian monetary policy and promoting the stability of the Belgian financial system.