Luxembourg: Financial Sector Assessment Program: Technical Note-Macroprudential Framework And Policies
IMF Staff Country Reports, August 28, 2017
Source details
- Canonical URL
- Luxembourg: Financial Sector Assessment Program: Technical Note-Macroprudential Framework And Policies
Other formats
Bibliographic details
- Published: August 28, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484316764.002
Executive summary and scope
- Discusses the findings and recommendations made in the 2017 Financial Sector Assessment Program for Luxembourg in areas of macroprudential framework and policies.
- Focuses on Luxembourg's large financial system, its contribution to GDP, and global interconnectedness.
- Reviews institutional arrangements for macroprudential policy, monitoring and analysis performed by the Banque Centrale du Luxembourg, and risks related to the investment fund industry.
Major findings
- Luxembourg has a large financial system that contributes a significant share of GDP and is globally interconnected.
- The institutional arrangement is broadly appropriate for effective macroprudential policy, but some areas should be strengthened.
- The monitoring and analysis of systemic risks by the Banque Centrale du Luxembourg is appropriate and performed on a timely basis.
- Authorities are encouraged to continue to increase efforts to monitor risks related to the investment fund industry.
Policy recommendations and areas for strengthening
- Strengthen aspects of the institutional arrangement for macroprudential policy to enhance effectiveness.
- Continue to increase efforts to monitor risks related to the investment fund industry.
- Maintain timely monitoring and analysis of systemic risks at the Banque Centrale du Luxembourg.
Subject matter and keywords (as listed)
- Subjects: Financial institutions, Financial sector policy and analysis, Financial sector stability, Macroprudential policy, Mutual funds, Prices, Real estate prices, Systemic risk
- Keywords: counterparty risk, CR, CRS, CRS member, CRS report, Financial sector stability, financial system, Global, introduced UCITS risk reporting, investment fund assets, investment fund industry, investment funds holding, ISCR, Luxembourg financial system, Luxemburg, Macroprudential policy, market portfolio, Mutual funds, Real estate prices, risk, risk analysis, risk dashboard, risk monitoring, Systemic risk
Content in this bundle
- Country Report