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Rudi Bonte joins Deloitte Belgium's Financial Industry Service Line
Diegem, 24 February 2015 – Deloitte Belgium has strengthened its expertise in the field of advisory services to the financial sector by collaborating with Rudi Bonte, honorary member of the Management Committee of the Banking, Finance and Insurance Commission and former Special Representative on banking supervision at the National Bank of Belgium.
At Deloitte Belgium, Rudi Bonte, on a part-time basis in the capacity of Senior Advisor, will mainly provide advice on financial market regulations. He will also focus on trends and evolutions in the banking sector, predicting the potential risks and impacts on risk management.
The financial sector, together with all the relevant stakeholders, face a whole series of challenges in the coming years whereby innovation, regulation, and expectations of consumers and supervisors will be high on the agenda.
In this context the new ‘Single Supervisory Mechanism (SSM)’, led by the European Central Bank (ECB) in Frankfurt, will play a leading role. The next 12 months will be crucial to determine the SSM’s priorities and approach. The focus over the first months will mainly be on the implementation of the recommendations of the recently completed Comprehensive Assessment of the big banks in the Eurozone. At the start of 2015 the new Single Resolution Board (SRB) was established in Brussels: as the European Resolution Authority of the Banking Union the SRB will be in charge of the orderly resolution of distressed banks.
To closely follow this evolution, Deloitte established an international Banking Union Centre in Frankfurt (BUCF) in October 2014 to give clients timely information and advice.
With his extensive professional experience Rudi Bonte will, together with Bernard De Meulemeester, Senior Partner at Deloitte Belgium, strengthen the centre in Frankfurt and share views with the Belgian institutions.
The BUCF also works closely together with the Deloitte EMEA Centre for Regulatory Strategy (ECRS) based in London. The ECRS monitors all regulatory initiatives relevant to the financial sector providing financial institutions with objective insights into future opportunities and challenges. Rudi Bonte will therefore also work with the ECRS - led by David Strachan and Clifford Smout - as well as with Caroline Veris, partner at Deloitte Belgium, who represents the ECRS in Belgium.
The Deloitte Financial Services Industry team in Belgium has 16 Partners and more than 200 employees. It focuses on providing regulatory services for the Financial Services Industry in Belgium.
Rik Vanpeteghem, CEO of Deloitte Belgium, is delighted to be collaborating with Rudi Bonte: “Rudi’s expertise and views are a valuable supplement to our financial advisory services and will be a massive support for our audit and risk advisory services. This addition enables us to even better inform our clients and advise them on the increasingly complex regulations of the banking sector.”
About Rudi Bonte
Rudi Bonte built solid experience in Belgian and European bank regulations and supervision. He started his career in 1978 at the former Banking Commission, became Director in 1999, and from 2002 to 2011 was a member of the Management Committee of the Banking, Finance and Insurance Commission. Since April 2011, he has been the Special Representative on Banking Supervision at the National Bank of Belgium. Over the years, Rudi Bonte also had mandates in international and European supervision committees, such as the Basel Committee on Banking Supervision, the Committee of European Banking Supervisors and the European Banking Authority, the Banking Supervision Committee of the European Central Bank and the Advisory Technical Committee of the European Systemic Risk Board. He was also a member of the High-Level Group on Supervision of the European Central Bank which in 2012-2013 prepared the Single Supervisory Mechanism.