Luxembourg: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, and P

Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, and Payment Systems

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2002 Issue 116

Publication date: June 2002

ISBN: 9781451824261

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Topics covered in this book

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Banks and Banking , Finance , ISCR , CR , banking sector , Luxembourg bank , investment funds , banking system , interest rate , central bank , insurance sector , credit risk , Luxembourg market , country risk , Luxembourg reinsurance sector , financial situation , payment system , intermediaries company , Insurance companies , Insurance , Financial sector , Stress testing , Commercial banks , Europe

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Summary

This paper presents Luxembourg’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, and Payment Systems. Luxembourg’s financial sector is robust, efficient, and well supervised. No major weaknesses that could cause systemic risks were identified by the mission. The strength and efficiency of the financial sector is fully supported by the strong conformance by Luxembourg with international supervisory and regulatory standards and by the stress tests prepared under extreme assumptions.