Austria Publication of Financial Sector Assessment Program Documentation-Technical Note on Stress Testing the Banking Sector

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. Stress testing results suggest that Austrian banks, on aggregate, have sufficient capital buffers to withs...

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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:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Financial sector policy and analysis 
653 |a Commercial banks 
653 |a Finance: General 
653 |a Solvency stress testing 
653 |a Financial services law & regulation 
653 |a Financial Risk and Risk Management 
653 |a Banks and banking 
653 |a Value of Firms 
653 |a Financial institutions 
653 |a Financial risk management 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Mortgages 
653 |a Credit risk 
653 |a Finance 
653 |a Stress testing 
653 |a Depository Institutions 
653 |a Micro Finance Institutions 
653 |a Goodwill 
653 |a Liquidity stress testing 
653 |a Financing Policy 
653 |a Banking 
653 |a Financial regulation and supervision 
653 |a Banks 
653 |a Capital and Ownership Structure 
653 |a Banks and Banking 
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520 |a 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. Stress testing results suggest that Austrian banks, on aggregate, 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 results of the solvency stress test reflect comfortable initial capital buffers built in response to the crisis, in part because of de-risking of balance sheets, and in part owing to banks' recapitalization efforts through increased retained earnings