Austria Financial Sector Stability Assessment

This Financial Sector Stability Assessment report reviews economic development and different fiscal policies in Austria. The global crisis has revealed weaknesses in Austria’s financial stability policy framework, and recent changes at the European levels provide an opportunity to address these. Str...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Austria  |b Financial Sector Stability Assessment 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2013 
300 |a 71 pages 
651 4 |a Austria 
653 |a Insurance companies 
653 |a Economic & financial crises & disasters 
653 |a Depository Institutions 
653 |a Institutional Investors 
653 |a Commercial banks 
653 |a Pension Funds 
653 |a Banks 
653 |a Finance 
653 |a Bank resolution framework 
653 |a Financial crises 
653 |a Industries: Financial Services 
653 |a Banks and banking 
653 |a Bank resolution 
653 |a Financial institutions 
653 |a Financial Instruments 
653 |a Micro Finance Institutions 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Crisis management 
653 |a Mortgages 
653 |a Non-bank Financial Institutions 
653 |a Loans 
653 |a Banks and Banking 
653 |a Banking 
653 |a Financial Risk Management 
653 |a Financial Crises 
710 2 |a International Monetary Fund  |b European Dept 
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989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Staff Country Reports 
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520 |a This Financial Sector Stability Assessment report reviews economic development and different fiscal policies in Austria. The global crisis has revealed weaknesses in Austria’s financial stability policy framework, and recent changes at the European levels provide an opportunity to address these. Stress test results indicate that under adverse medium-term scenarios, virtually all Austrian banks, including all internationally active institutions, would meet regulatory capital requirements, and are resilient to funding and contagion risks. The Austrian Financial Market Authority (FMA) and the central bank (OeNB) collaborate effectively in performing banking supervision, including on a cross-border basis