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 Payment Systems
June 17, 2002
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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.
Subject: Banking, Commercial banks, Economic sectors, Financial institutions, Financial sector, Financial sector policy and analysis, Insurance, Insurance companies, Stress testing
Keywords: banking sector, banking system, central bank, Commercial banks, country risk, CR, credit risk, Europe, Financial sector, financial situation, Insurance, Insurance companies, insurance sector, interest rate, intermediaries company, investment funds, ISCR, Luxembourg bank, Luxembourg market, Luxembourg reinsurance sector, payment system, Stress testing
Pages:
64
Volume:
2002
DOI:
Issue:
116
Series:
Country Report No. 2002/116
Stock No:
1LUXEA0012002
ISBN:
9781451824261
ISSN:
1934-7685
