IMF Staff Country Reports

Austria: Financial Sector Stability Assessment

Publication Date:

September 10, 2013

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Financial Sector Stability Assessment report reviews economic development and different fiscal policies in Austria. The global crisis has revealed weaknesses in Austria’s financial stability policy framework, and recent changes at the European levels provide an opportunity to address these. Stress test results indicate that under adverse medium-term scenarios, virtually all Austrian banks, including all internationally active institutions, would meet regulatory capital requirements, and are resilient to funding and contagion risks. The Austrian Financial Market Authority (FMA) and the central bank (OeNB) collaborate effectively in performing banking supervision, including on a cross-border basis.

Series:

Country Report No. 2013/283

Subject:

Bank resolution Bank resolution framework Banking Commercial banks Financial crises Financial institutions Insurance companies Loans