The Belgian government is working on new, rigid rules to control banks.
These rules have to make sure the government can intervene quickly and efficiently when there are financial problems. In state of emergency, the government will be able to manage the bank in difficulty and, for example, sell certain assets. There shall also be a new watchdog with a lot of authority, which can even stop certain decisions of big banks.
source: De Standaard
Eline Stoop
2 opmerkingen:
no new par. after first sentence
in state of emergency --> in an emergency
shall --> will
stop --> overrule
Overall OK!
(GJ)
government reforms financial inspection.
The Belgian government is working on new, rigid rules to control banks. These rules have to make sure the government can intervene quickly and efficiently when there are financial problems. In an emergency, the government will be able to manage the bank in difficulty and, for example, even sell certain assets. There will be a new watchdog with a lot of authority, which can even overrule certain decisions of big banks.
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