IMF Staff Country Reports

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

Publication Date:

June 17, 2002

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2002/116

Subject:

Banking Commercial banks Economic sectors Financial institutions Financial sector Financial sector policy and analysis Insurance Insurance companies Stress testing