The Banking Commission was established in 1935, at the time one of the first independent banking supervisory agencies in the world - in other countries, to the extent that banking supervision existed at all, it was exercised either by a specialized office in the
ministry of finance, or by an arm of the
central bank. Under the
German occupation of Belgium during World War II, a separate German-run Office of Banking Control operated in parallel with the Banking Commission, which was deprived of any authority over German banks operating in Belgium. The mandate of the commission was gradually broadened to control of mutual funds, then corporate securities offerings in 1964,
holding companies in 1967, and private
savings banks in 1975. ==CBF==