The assessment of compliance with the Basel Core Principles was conducted by Michael Moore (MAE) and Nadim Kyriakos-Saad (LEG); John Aspden (Financial Supervision Commission, Isle of Man); and Marcel Maes (Belgian Banking Commission, retired).
The law of June 11, 1997 modified the Financial Sector Law to incorporate the EC Directive 94/19/EC concerning the deposit-guarantee scheme; and the law of July 27, 2000 introduced the EC directive 97/9/EC concerning the investment protection schemes.
The assessment was conducted by Guillaume Leroy, JWA Actuaries, France.
EU solvency requirements for life companies call for the available solvency margin (own funds effectively available) to at least equal the sum of 4 percent of non-linked technical provisions, 0.3 percent of sums at risks, and 1 percent of linked technical provisions.
The assessment was conducted by Lennart Torstensson, of Finansinspektionen, Sweden.
EU directives set out the legal and regulatory framework, but must be implemented at the national level by specific legislation and regulations.
Luxembourg interbank payment system - gross settlement system
Luxembourg interbank payment system - net settlement system
The assessment was conducted by Marianne Palva, Bank of Finland.