IMF Staff Country Reports

Luxembourg: Financial Sector Assessment Program: Technical Note-Macroprudential Framework And Policies

Publication Date:

August 28, 2017

Electronic Access:

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Summary:

This Technical Note discusses the findings and recommendations made in the 2017 Financial Sector Assessment Program for Luxembourg in areas of macroprudential framework and policies. 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. The authorities are encouraged to continue to increase efforts to monitor risks related to the investment fund industry.

Series:

Country Report No. 2017/256

Subject:

Financial institutions Financial sector policy and analysis Financial sector stability Macroprudential policy Mutual funds Prices Real estate prices Systemic risk