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180614 ||| eng |
020 |
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|a 9781484316818
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245 |
0 |
0 |
|a Luxembourg: Financial Sector Assessment Program
|b Technical Note-Managing Problem Banks and Systemic Banking Crises
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2017
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300 |
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|a 47 pages
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651 |
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4 |
|a Luxembourg
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653 |
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|a Economic & financial crises & disasters
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653 |
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|a Depository Institutions
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653 |
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|a Banks
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653 |
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|a Bridge bank
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653 |
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|a Bank resolution framework
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653 |
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|a Financial crises
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653 |
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|a Banks and banking
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653 |
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|a Bank resolution
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653 |
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|a Micro Finance Institutions
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653 |
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|a Deposit insurance
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653 |
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|a Crisis management
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653 |
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|a Financial Institutions and Services: Government Policy and Regulation
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653 |
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|a Mortgages
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653 |
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|a Crisis resolution
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653 |
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|a Banks and Banking
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653 |
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|a Banking
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653 |
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|a Financial Risk Management
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710 |
2 |
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|a International Monetary Fund
|b Monetary and Capital Markets Department
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
0 |
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|a IMF Staff Country Reports
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028 |
5 |
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|a 10.5089/9781484316818.002
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856 |
4 |
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|u https://elibrary.imf.org/view/journals/002/2017/259/002.2017.issue-259-en.xml?cid=45208-com-dsp-marc
|x Verlag
|3 Volltext
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082 |
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|a 330
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|a This Technical Note analyzes the bank failure mitigation and resolution regime, as well as arrangements for managing a financial crisis, in Luxembourg. The landscape for managing problem banks in Luxembourg has changed fundamentally in recent years. As part of the euro area, Luxembourg is now part of a banking union in which the European Central Bank (ECB) has exclusive authority to directly supervise significant institutions and the Commission for the Supervision of the Financial Sector (CSSF), under the oversight of the ECB, directly supervises less significant institutions. It is recommended that the CSSF increase staffing for resolution and pay attention to potential conflicts of interest in the decision-making process related to supervisory and deposit insurance functions
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