## Austria: Financial System Stability Assessment: Update

_IMF Staff Country Reports, June 18, 2008_

## Source details

**Canonical URL:** [Austria: Financial System Stability Assessment: Update](https://www.imf.org/en/publications/cr/issues/2016/12/31/austria-financial-system-stability-assessment-update-22068)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/austria-financial-system-stability-assessment-update-22068/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/austria-financial-system-stability-assessment-update-22068/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/austria-financial-system-stability-assessment-update-22068/bundle-manifest.json)

## Bibliographic details
- Published: June 18, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451802429.002

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### Executive summary and main findings
- The Austrian authorities have been making great efforts since 2003 to enhance the quality of banking supervision and keep up-to-date with banking sector developments.
- Banks face a reputation risk arising from exposure to money laundering/financing of terrorism risk in both domestic and international activities.
- The authorities have already elaborated contingency plans for dealing with bank failures and other problem cases.
- Experience elsewhere suggests also that it can be valuable to set up a system that mandates a decision on required remedial action promptly after warning signs are detected.

### Policy recommendations and supervisory considerations
- Continue enhancing banking supervision quality and monitoring developments in the banking sector.
- Strengthen measures to mitigate reputation risk related to money laundering/financing of terrorism in both domestic and international banking activities.
- Maintain and refine contingency plans for dealing with bank failures and other problem cases.
- Consider establishing a system that mandates prompt decisions on required remedial action after warning signs are detected.

### Subject focus and analytical scope
- Subjects covered: Banking, Commercial banks, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Income, Insurance companies, Loans, National accounts, Stress testing
- Keywords: bank consolidation process, CDS spread, CR, credit risk, foreign currency, Global, Income, Insurance companies, intervened bank to a sound bank, ISCR, Loans, mortgage bank, return on equity, Sharpe ratio, soundness indicator, stock performance, Stress testing

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## Content in this bundle

- **Austria: Financial System Stability Assessment—Update; IMF Country Report 08/190; May 22, 2008**
  - [Austria: Financial System Stability Assessment—Update; IMF Country Report 08/190; May 22, 2008 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2008/_cr08190.pdf.md){rel="alternate" type="text/markdown"}
  - [Austria: Financial System Stability Assessment—Update; IMF Country Report 08/190; May 22, 2008 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2008/_cr08190.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/austria-financial-system-stability-assessment-update-22068_