Luxembourg: Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Luxembourg

June 9, 2010

Preview Citation

Format: Chicago

Luxembourg: Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Luxembourg, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

The staff report for the 2010 Article IV Consultation underlies a thorough and objective view of the macroeconomic situation in Luxembourg and the challenges the economy is facing. The country’s enviable position of public finances at the onset of the crisis provided the space to accommodate fiscal support to the economy, enhance social transfers, and protect household income. Executive Directors recommended a sharper focus on liquidity and credit risks arising from banks’ sizable and concentrated exposures to their foreign parent groups.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Crime, Economic sectors, Expenditure, Financial crises, Financial regulation and supervision, Financial sector, Global financial crisis of 2008-2009, Liquidity risk

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), BCL liquidity, Commission de Surveillance du Secteur Financier, CR, Economy, Emergency liquidity provision, Europe, Financial sector, Global, Global financial crisis of 2008-2009, Government, Investment fund industry, ISCR, Liquidity risk, Luxembourg economy, Luxembourg's economy

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/161
Stock No:

1LUXEA2010001
ISBN:

9781455207268
ISSN:

1934-7685

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