Luxembourg: Financial Sector Assessment Program: Technical Note-Fund Management: Regulation, Supervision, and Systemic Risk Monitoring

August 28, 2017

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Format: Chicago

Luxembourg: Financial Sector Assessment Program: Technical Note-Fund Management: Regulation, Supervision, and Systemic Risk Monitoring, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This Technical Note discusses the findings and recommendations made in the 2017 Financial Sector Assessment Program for Luxembourg in areas of regulation, supervision, and systemic risk monitoring of fund management. Certain structural elements of the Luxembourg fund management industry, particularly the extensive use of delegation and concentration of fund directorships, merit increased supervisory analysis and attention beyond the current activities. The Luxembourg framework for liquidity management tools compares favorably with its peers at both the EU and international level. Information on leverage of funds is of potential relevance from a systemic risk perspective. The Luxembourg authorities have also been actively monitoring and contributing to discussions on the EU money market funds regulation.

Subject: Asset and liability management, Financial institutions, Financial instruments, Financial regulation and supervision, Liquidity management, Liquidity risk, Mutual funds, Securities

Keywords: CR, CSSF hierarchy, Fund manager, Global, Investment company, Investment funds, ISCR, Liquidity management, Liquidity risk, Management company, Mutual funds, Securities, UCITS Directive, UCITS fund

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/257
Stock No:

1LUXEA2017006
ISBN:

9781484316771
ISSN:

1934-7685

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