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Austria Publication of Financial Sector Assessment Program Documentation—Technical Note on Crisis Preparedness and Management Framework

This Technical Note analyzes crisis preparedness and management framework in Austria. The global crisis revealed weaknesses in Austria’s financial stability policy framework. Austria needs to put in place a special bank resolution regime to resolve problem banks in a manner that does not endanger fi...

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Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Staff Country Reports
Subjects:
Economic Policy
Economic & Financial Crises & Disasters
Depository Institutions
Banks
Finance
Bank Resolution Framework
Financial Crises
Lender Of Last Resort
Banks And Banking
Financial Sector Stability
Financial Sector Policy And Analysis
Bank Resolution
General Financial Markets: Government Policy And Regulation
Micro Finance Institutions
Deposit Insurance
Crisis Management
Financial Institutions And Services: Government Policy And Regulation
Mortgages
Banks And Banking, Central
Financial Markets And The Macroeconomy
Financial Services Industry
Macroeconomics
Banking
Macroprudential Policy
Financial Risk Management
Finance: General
Austria
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Technical Note analyzes crisis preparedness and management framework in Austria. The global crisis revealed weaknesses in Austria’s financial stability policy framework. Austria needs to put in place a special bank resolution regime to resolve problem banks in a manner that does not endanger financial stability or fiscal sustainability. Although the authorities prefer to await the formal adoption of the European Union (EU) Directive on bank recovery and resolution, it would be in Austria’s interest to swiftly introduce a full-fledged bank resolution framework, with a wide range of tools and powers, and strengthened resolution arrangements with non-EU countries
Physical Description:48 pages
ISBN:9781484376348

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