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

International Monetary Fund

No 2017/256, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; CRS; Luxemburg; financial system; risk; investment fund industry; Luxembourg financial system; risk dashboard; CRS member; market portfolio; investment fund assets; investment funds holding; counterparty risk; CRS report; risk monitoring; introduced UCITS risk reporting; risk analysis; Mutual funds; Financial sector stability; Macroprudential policy; Systemic risk; Real estate prices; Global (search for similar items in EconPapers)
Pages: 32
Date: 2017-08-28
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