On July 3, 2026, the Belgian National Bank published a report titled “Deep in tail‑risk territory: the recovery, orderly wind‑down and resolution of FMIs”. Authored by F. Saffer and L. Wernimont, the document is available for download on the NBB website. The report examines how financial market institutions (FMIs) can recover, be wound down in an orderly manner, and be resolved to reduce systemic risk. The publication is part of the NBB’s ongoing efforts to provide transparency and research on financial stability. It is accessible to the public via the bank’s online portal. The publication falls under the NBB’s publication series that includes research and analysis on financial stability and market developments.
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