{
  "title": "Austria: Publication of Financial Sector Assessment Program Documentation—Technical Note on Stress Testing the Banking Sector",
  "publication": "IMF Staff Country Reports, January 21, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/austria-publication-of-financial-sector-assessment-program-documentation-technical-note-on-41266",
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  "summary": "This 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.",
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      "heading": "Summary and context",
      "content": "- The Technical Note discusses key results of stress testing of the banking sector in Austria.\n- The Austrian banking system is in a recovery phase following the 2008–2009 global financial crisis.\n- 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."
    },
    {
      "heading": "Key stress-testing findings",
      "content": "- On aggregate, Austrian banks have sufficient capital buffers to withstand severe but plausible shocks from adverse macroeconomic developments.\n- Under the most severe scenario, the estimated total capital shortfall amounts to 1 percent of GDP.\n- The solvency stress-test results reflect comfortable initial capital buffers that were built in response to the crisis."
    },
    {
      "heading": "Drivers of resilience",
      "content": "- De-risking of balance sheets contributed to improved resilience.\n- Banks’ recapitalization efforts through increased retained earnings contributed to comfortable initial capital buffers."
    },
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      "heading": "Publication metadata (as presented on the page)",
      "content": "- Pages: 82\n- Volume: 2014\n- Issue: 016\n- Series: Country Report No. 2014/016\n- DOI: https://doi.org/10.5089/9781484377000.002\n- Stock No: 1AUTEA2014004\n- ISBN: 9781484377000\n- ISSN: 1934-7685\n\nInternational Monetary Fund. Austria: Publication of Financial Sector Assessment Program Documentation—Technical Note on Stress Testing the Banking Sector (IMF Staff Country Reports 2014, 016).\n\n---\n\n Content in this bundle\n\n- cr1416\n  - cr1416 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1416 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: January 21, 2014",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484377000.002",
    "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.",
    "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.",
    "De-risking of balance sheets contributed to improved resilience.",
    "Banks’ recapitalization efforts through increased retained earnings contributed to comfortable initial capital buffers.",
    "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",
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