Austria : Financial System Stability Assessment: Update

Author/Editor:

International Monetary Fund

Publication Date:

June 18, 2008

Electronic Access:

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Summary:

The Austrian authorities have been making great efforts since 2003 to enhance the quality of banking supervision and keep up-to-date with banking sector developments. Banks face a reputation risk arising from exposure to money laundering/financing of terrorism risk in both domestic and international activities. The authorities have already elaborated contingency plans for dealing with bank failures and other problem cases. Experience elsewhere suggests also that it can be valuable to set up a system that mandates a decision on required remedial action promptly after warning signs are detected.

Series:

Country Report No. 08/190

Subject:

English

Publication Date:

June 18, 2008

ISBN/ISSN:

9781451802429/1934-7685

Stock No:

1AUTEA2008003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

51

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