Presumably, foreign banks open subsidiaries and branches in Luxembourg to perform different tasks. This paper studies the balance sheet structure of banks in Luxembourg, testing for difference across groups and across periods. Non-parametric methods yield several findings. First, specialisation...

This paper investigates the effects of home country banking regulations on the performance of foreign banks in Luxembourg's financial center. We control for the main regulatory indicators, such as capital requirements, private monitoring, official disciplinary power and restrictions on bank...

The new prudential regulation framework, established by the European Central Bank (ECB) after the financial crisis, encompasses supervisory procedures to measure and monitor banks business model, capital requirements, governance control and liquidity risk. However, research on financial...