Luxembourg : Financial System Stability Assessment: Update

 
 
Publication Date: June 28, 2011
 
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Summary: Luxembourg hosts a large international financial center that plays a pivotal role in its economy and in European financial markets. The crisis exposed significant vulnerabilities in Luxembourg’s financial system, owing to large cross-border exposures to foreign parent banks. The authorities proceeded with large public support to systemically important financial institutions under stress and with a fivefold increase in the deposit guarantee. Strengthening home-host supervisory collaboration and cross-border bank resolution frameworks will be of crucial importance for Luxembourg. Financial stability assessment and stress tests are also carried out.
 
Series: Country Report No. 11/148
Subject(s): Bank supervision | Banks | Basel Core Principles | Combating the financing of terrorism | Financial safety nets | Financial sector | Payment systems | Securities regulations

 
English
Publication Date: June 28, 2011
ISBN/ISSN: 9781455288656/1934-7685 Format: Paper
Stock No: 1LUXEA2011002 Pages: 69
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
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