European Parliament Library

Luxembourg :, Financial System Stability Assessment: Update

Abstract
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
Table Of Contents
Cover; Contents; Glossary; Executive Summary; Key Recommendations; I. Macro Financial Setting; A. Structure of the Financial System; Boxes; 1. Interconnectedness of Luxembourg's Financial System; B. The Financial Crisis; 2. Resolution of Troubled Bank; II. Stability Assessment; A. Financial Sector Soundness and Performance; B. Stress Tests; C. Summary Risk Assessment; Risk Assessment Matrix; III. Financial Sector Oversight; A. Banking Sector; B. Investment Funds Sector; C. Insurance Sector; D. Securities Markets; E. AML-CFT; IV. Crisis Preparedness and Safety Net; A. Cross-Border Challenges
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (70 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781462395019

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