Austria: Financial Sector Assessment Program Update Technical Note: Factual Update and Analysis of the IOSCO Objectives and Principles of Securities Regulation
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 IOSCO Objectives and Principles of Securities Regulation
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Bibliographic details
- Published: July 2, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451802450.002
Scope and focus
- Technical note focuses on the International Organization of Securities Commissions objectives and principles of securities regulations of Austria.
- Builds on a prior 2003 assessment.
Key findings
- The 2003 assessment found that Austria had "fully broadly implemented a large majority of principles."
- Human resources of the Securities Supervision Department of the Financial Market Authority (FMA) are insufficient and should be increased, especially to conduct on-site inspections.
- Recommendation explicitly notes increases should be made in addition to the 14 planned appointments.
- Administrative fines should be raised further to levels elsewhere in Europe.
Subjects and keywords covered
- Subjects: Auditing, Banking, External audit, Financial institutions, Financial markets, Financial Sector Assessment Program, Financial sector policy and analysis, Public financial management (PFM), Securities, Securities markets
- Keywords: Auditing, client relationship, CR, Europe, External audit, Financial Sector Assessment Program, FMA staff, insider dealing, investor protection remit permit, ISCR, management company, market monitoring, pension company sector, Securities, Securities markets
Publication metadata and statistics
- Publication date: July 2, 2008
- Pages: 27
- Volume: 2008
- Issue: 206
- Series: Country Report No. 2008/206
- DOI: https://doi.org/10.5089/9781451802450.002
- Stock No: 1AUTEA2008006
- ISBN: 9781451802450
- ISSN: 1934-7685
International Monetary Fund. Austria: Financial Sector Assessment Program Update Technical Note: Factual Update and Analysis of the IOSCO Objectives and Principles of Securities Regulation (IMF Staff Country Reports 2008, 206).