Austria: Financial Sector Stability Assessment

September 10, 2013

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Format: Chicago

Austria: Financial Sector Stability Assessment, (USA: International Monetary Fund, 2013) accessed September 18, 2024

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.

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

Keywords: Asset, Austria, Austrian bank, Bank, Bank assets, Bank resolution, Banking system, Capital, CESEE, Commercial banks, CR, Global, Insurance companies, ISCR, Loans, OeNB, Resolution authority, Resolution framework

Publication Details

Pages:

71
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/283
Stock No:

1AUTEA2013003
ISBN:

9781484356302
ISSN:

1934-7685

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