TY - BOOK ID - 85595650 TI - Luxembourg : Financial Sector Assessment Program: Technical Note-Selected Issues in Banking Supervision. PY - 2017 SN - 1484317084 1484317068 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Financial Sector Assessment Program. KW - Luxembourg. KW - Banks and Banking KW - Finance: General KW - Industries: Financial Services KW - Public Finance KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Pension Funds KW - Non-bank Financial Institutions KW - Financial Instruments KW - Institutional Investors KW - General Financial Markets: Government Policy and Regulation KW - Financial Institutions and Services: Government Policy and Regulation KW - Debt KW - Debt Management KW - Sovereign Debt KW - Financing Policy KW - Financial Risk and Risk Management KW - Capital and Ownership Structure KW - Value of Firms KW - Goodwill KW - Banking KW - Finance KW - Financial services law & regulation KW - Public finance & taxation KW - Mutual funds KW - Bank supervision KW - Basel Core Principles KW - Financial Sector Assessment Program KW - Financial institutions KW - Financial regulation and supervision KW - Public debt KW - Market risk KW - Banks and banking KW - State supervision KW - Financial services industry KW - Debts, Public KW - Financial risk management KW - Luxembourg UR - https://www.unicat.be/uniCat?func=search&query=sysid:85595650 AB - This Technical Note examines aspects of the banking supervision regime in Luxembourg. Significant progress has been made in relation to the recommendations made in the 2011 Financial Sector Assessment Program. The Finance Ministry is no longer responsible for the granting or revocation of banking licenses, the Commission for the Supervision of the Financial Sector (CSSF) is no longer charged with promoting industry, resources have increased substantially, and there has been a significant increase in the implementation of sanctioning powers. There still exists potential for government or industry interference in the operational independence of the CSSF. The frequency of on-site inspections of Luxembourg subsidiaries of significant institutions is also on the low side. ER -