National Bank of Belgium

Allianz Risk Transfer AG Portfolio Cession to Allianz Global Corporate & Specialty SE

The National Bank of Belgium published a public notice on 17 April 2026 announcing the transfer of the portfolio from Allianz Risk Transfer AG to Allianz Global Corporate & Specialty SE. The notice falls within the NBB's supervisory responsibility for insurance and reinsurance companies and concerns a transfer of portfolio. A link to the official publication in the Belgian Official Gazette is provided for reference.

National Bank Belgium Sets 1.25% Countercyclical Buffer for Q2 2026

The National Bank of Belgium has set the countercyclical capital buffer (CCyB) rate at 1.25% for Q2 2026, effective 1 April 2026. This decision applies to all Belgian credit institutions supervised by the NBB. The CCyB is a macroprudential tool under the Basel III framework used to moderate credit cycles and strengthen financial system resilience.

Generali Espana Absorbed Into Generali Seguros

The National Bank of Belgium published a public notice announcing the absorption merger of Generali Espana SA de Seguros y Reaseguros into Generali Seguros y reaseguros SA. The merger was published in the Belgian Official Journal on March 30, 2026 under number 2026002453. This cross-border consolidation falls within the scope of Belgian insurance supervision.

NBB Circular on ICT Incident Reporting and Cyber Threat Notification Under DORA

The National Bank of Belgium issued Circular NBB_2026_04 establishing procedures for financial institutions to report major ICT-related incidents and voluntarily notify significant cyber threats under the Digital Operational Resilience Act (DORA). The circular applies to credit institutions, stockbroking firms, insurance and reinsurance companies, market infrastructures, payment institutions, e-money institutions, and institutions authorized to hold dematerialised securities. Affected entities must use NBB-specified procedures and timelines for incident reporting and may voluntarily submit notifications regarding significant cyber threats.

DORA Register Submission Circular NBB_2026_05

The National Bank of Belgium issued Circular NBB_2026_05 on April 2, 2026, establishing requirements for financial institutions to submit registers of information as required under the Digital Operational Resilience Act (DORA). The circular applies to credit institutions, insurance and reinsurance companies, stockbroking firms, market infrastructures, payment institutions, and e-money institutions. Institutions falling within scope must compile and submit registers containing ICT risk management, ICT-related incidents, and third-party ICT service provider information.

EBA Guidelines on Environmental Scenario Analysis for Financial Institutions

The National Bank of Belgium published Circular NBB_2026_03 transmitting EBA Guidelines EBA/GL/2025/04 of 5 November 2025 on environmental scenario analysis. The guidelines establish how financial institutions should conduct scenario analysis to assess environmental risks, including climate-related and nature-related factors. Credit institutions and financial services groups supervised by the NBB must consider these guidelines in their risk management frameworks.