Austria: Publication of Financial Sector Assessment Program Documentation—Technical Note on Stress Testing the Banking Sector
IMF Staff Country Reports, January 21, 2014
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- Austria: Publication of Financial Sector Assessment Program Documentation—Technical Note on Stress Testing the Banking Sector
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Bibliographic details
- Published: January 21, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484377000.002
Summary and context
- The Technical Note discusses key results of stress testing of the banking sector in Austria.
- The Austrian banking system is in a recovery phase following the 2008–2009 global financial crisis.
- Scope and subject coverage include: Banking; Commercial banks; Credit risk; Financial institutions; Financial regulation and supervision; Financial sector policy and analysis; Liquidity stress testing; Solvency stress testing; Stress testing.
Key stress-testing findings
- On aggregate, Austrian banks have sufficient capital buffers to withstand severe but plausible shocks from adverse macroeconomic developments.
- Under the most severe scenario, the estimated total capital shortfall amounts to 1 percent of GDP.
- The solvency stress-test results reflect comfortable initial capital buffers that were built in response to the crisis.
Drivers of resilience
- De-risking of balance sheets contributed to improved resilience.
- Banks’ recapitalization efforts through increased retained earnings contributed to comfortable initial capital buffers.
Publication metadata (as presented on the page)
- Pages: 82
- Volume: 2014
- Issue: 016
- Series: Country Report No. 2014/016
- DOI: https://doi.org/10.5089/9781484377000.002
- Stock No: 1AUTEA2014004
- ISBN: 9781484377000
- ISSN: 1934-7685
International Monetary Fund. Austria: Publication of Financial Sector Assessment Program Documentation—Technical Note on Stress Testing the Banking Sector (IMF Staff Country Reports 2014, 016).