Austria: Financial Sector Assessment Program Update Technical Note: Factual Update and Analysis of the Basel Core Principles for Effective Banking Supervision
IMF Staff Country Reports, July 2, 2008
Source details
- Canonical URL
- Austria: Financial Sector Assessment Program Update Technical Note: Factual Update and Analysis of the Basel Core Principles for Effective Banking Supervision
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Bibliographic details
- Published: July 2, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451802443.002
Overview and Purpose
- Highlights the financial sector assessment program update of Austria with factual update for effective banking supervision.
- Stresses that financial sector regulation and supervision should be conducted in the general public interest.
- Notes that authorities have acted effectively in recent cases of major problems.
Key Findings
- Authorities have acted effectively in recent cases of major problems.
- Within the legal framework in place, it is recommended that a set of practical provisions and procedures be elaborated for an orderly exit in case of failures and other stress situations.
Thematic Coverage
- 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
Keywords and Stakeholders (as provided)
- auditor, authority, Basel Core Principles, conglomerates directive, CR, External audit, firm, FMA staff, FMA's power, Global, government Court of Accounts, ISCR, Legal support in revenue administration, OeNB counterpart, Operational risk, Southern Europe, supervision