Luxembourg: Financial System Stability Assessment

May 15, 2017

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Format: Chicago

Luxembourg: Financial System Stability Assessment, (USA: International Monetary Fund, 2017) accessed September 18, 2024

Summary

This paper evaluates the stability of the financial system of Luxembourg. Financial soundness indicators for Luxembourg’s financial system, which plays a key role in the intermediation of financial capital, have remained relatively robust in recent years. Following rising asset prices and inflows, the investment fund industry has enjoyed strong growth in assets under management, while exposure to liquid assets has remained steady. An assessment of the financial system’s ability to withstand severe but plausible shocks suggests a good deal of resilience, albeit with some risks. Insurance stress test results indicate that strong initial levels of capital and low guaranteed product exposure offer insulation against market shocks.

Subject: Banking, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Insurance companies, Liquidity requirements, Liquidity stress testing, Mutual funds, Stress testing

Keywords: CR, Finance minister, Financial system, Foreign exchange, Global, Insurance companies, Investment fund assets, Investment funds, ISCR, Liquid asset, Liquidity requirements, Liquidity stress testing, Luxembourg insurance industry, Luxembourg subsidiary, Luxembourg-domiciled fund, Money market fund, Mutual funds, Short-term debt, Stress testing

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/122
Stock No:

1LUXEA2017003
ISBN:

9781484300374
ISSN:

1934-7685

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