Austria: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Insurance Regulation, and Anti-Money Laundering and Combating the Financing of Terrorism
August 5, 2004
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Austria’s Financial System Stability Assessment highlights Reports on the Observance of Standards and Codes on banking supervision, securities regulation, and insurance regulation. The banking sector has weathered the recent economic slowdown well, and is generally sound and resilient. Austria enjoys a high standard of supervision based on strong institutions and a comprehensive legal framework. Ongoing reforms and European Union directives in the pipeline will address most of the identified gaps in observance of financial sector standards and codes.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Commercial banks, Crime, Deposit insurance, Financial crises, Financial institutions, Insurance companies, Loans
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), asset, Austria, bank, bank asset, bank fail, bank relationship, Commercial banks, CR, deposit, Deposit insurance, Eastern Europe, Europe, foreign currency, Insurance companies, ISCR, joint stock, lending bank, Loans, problem bank, purpose bank, raiffeisen bank, Raiffeisen bank, savings bank, Western Europe
Pages:
53
Volume:
2004
DOI:
Issue:
238
Series:
Country Report No. 2004/238
Stock No:
1AUTEA0032004
ISBN:
9781451802351
ISSN:
1934-7685
