Austria : Financial Sector Assessment Program Update Technical Note: Factual Update and Analysis of the IAIS Insurance Core Principles

Author/Editor:

International Monetary Fund

Publication Date:

July 2, 2008

Electronic Access:

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Summary:

This technical note highlights Austria’s analysis of the International Association of Insurance Supervisors Insurance Core Principles. The Austrian economy generally performed well over the past several years, with growth above the euro-area average, falling unemployment, and low inflation. The Financial Market Authority (FMA) should investigate the use of market-based soundness indicators. Following the recent reorganization of bank supervision responsibilities, the FMA insurance supervisors will need to work even closer with the Oesterreichische Nationalbank (OeNB) in supervising financial groups.

Series:

Country Report No. 08/207

Subject:

English

Publication Date:

July 2, 2008

ISBN/ISSN:

9781451802467/1934-7685

Stock No:

1AUTEA2008007

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

12

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