## Austria: Publication of Financial Sector Assessment Program Documentation—Technical Note on Stress Testing the Banking Sector

_IMF Staff Country Reports, January 21, 2014_

## Source details

**Canonical URL:** [Austria: Publication of Financial Sector Assessment Program Documentation—Technical Note on Stress Testing the Banking Sector](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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## Bibliographic details
- Published: January 21, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484377000.002

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### 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).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/austria-publication-of-financial-sector-assessment-program-documentation-technical-note-on-41266_