IMF Staff Country Reports

Austria: Financial Sector Assessment Program Update Technical Note: Factual Update and Analysis of the Basel Core Principles for Effective Banking Supervision

Publication Date:

July 2, 2008

Electronic Access:

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Summary:

This technical note highlights the financial sector assessment program update of Austria with factual update for effective banking supervision. Financial sector regulation and supervision should be conducted in the general public interest. Although authorities have acted effectively in recent cases of major problems, it is recommended that, within the legal framework in place, a set of practical provisions and procedures be elaborated for an orderly exit in case of failures and other stress situations.

Series:

Country Report No. 2008/205

Subject:

Banking Basel Core Principles External audit Financial regulation and supervision Internal audit Legal support in revenue administration Operational risk Public financial management (PFM) Revenue administration