Austria : Publication of Financial Sector Assessment Program Documentation-Technical Note on Macroprudential Policy Framework and Tools

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

March 2, 2020

Electronic Access:

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

Summary:

The macroprudential policy framework has been developed and enhanced since the last FSAP. The Financial Market Stability Board (FMSB)—established in 2014 and tasked with strengthening cooperation in macroprudential oversight and safeguarding financial stability—plays the central role. The FMSB fulfills its mandate by discussing facts relevant to financial stability and issuing expert opinions, policy action recommendations, and warnings about financial stability risks. The Financial Market Authority (FMA), Austria's integrated financial supervisory authority, is also designated by law as the competent authority for applying macroprudential instruments and implements FMSB recommendations on a comply-or-explain basis. The Austrian National Bank (OeNB) is obliged to monitor and conduct analysis of systemic risks and to inform the FMSB on its findings. It also provides the secretariat for the FMSB.

Series:

Country Report No. 20/64

Subject:

English

Publication Date:

March 2, 2020

ISBN/ISSN:

9781513535814/1934-7685

Stock No:

1AUTEA2020004

Format:

Paper

Pages:

31

Please address any questions about this title to publications@imf.org