The Belgium Financial Services and Markets Authority (FSMA) has published the 2025 Congress Columns, the second edition of this series aimed at professionals in the asset management sector and in bank savings and investment products. The publication describes recent sector developments and sets out the FSMA’s views and expectations, including areas requiring attention and feedback drawn from supervisory actions and analyses. It also covers planned and ongoing supervisory work, and is positioned as a complement to the FSMA’s general annual report.