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Luxembourg : 2011 Article IV consultation : staff report, informational annex, public information notice on the Executive Board discussion, and statement by the Executive Director for Luxembourg

Author: International Monetary Fund.
Publisher: Washington, D.C. : International Monetary Fund, ©2011.
Series: IMF country report, no. 11/108.
Edition/Format:   eBook : Document : International government publication : English
Summary:
An externally driven economic recovery has continued gathering strength in 2010 in Luxembourg. Executive Directors welcomed this development and the authorities' supportive fiscal policy in 2010 as well as their role in stabilizing the financial sector. According to the Financial Sector Assessment Program (FSAP), banks remain exposed to liquidity and credit risks related to intragroup exposures and sovereign bond  Read more...
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Details

Genre/Form: Electronic books
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund.
ISBN: 1283552086 9781283552080 9781462380893 1462380891 1455285633 9781455285631
OCLC Number: 747427814
Description: 1 online resource (49 pages).
Series Title: IMF country report, no. 11/108.
Other Titles: Luxembourg, 2011 Article IV consultation
Responsibility: prepared by the staff representatives for the 2011 consultation with Luxembourg.
More information:

Abstract:

An externally driven economic recovery has continued gathering strength in 2010 in Luxembourg. Executive Directors welcomed this development and the authorities' supportive fiscal policy in 2010 as well as their role in stabilizing the financial sector. According to the Financial Sector Assessment Program (FSAP), banks remain exposed to liquidity and credit risks related to intragroup exposures and sovereign bond holdings. Directors welcomed the FSAP update and the authorities' intention to strengthen the regulatory and supervisory frameworks. Directors suggested to revamp the deposit guarante.

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