For decades, the financial markets have occupied a fundamental position within Luxembourg’s economy, having an enormous effect on the public budget and employment market. With respect to the banking sector, Luxembourg’s government pursues a continuous policy of diversification of activities, in particular in the field of banks issuing mortgage bonds, securitisation and venture capital. Furthermore, the government sets a high value on international competitiveness by helping to develop the local financial market into a centre of excellence in the following areas: classical banking activities, insurance, investment funds, family offices, pension funds and the stock exchange.