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Austria: Downsizing Models for Hypo
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Published: October 4, 2013; 10:16 ♦ (Vindobona)
Currently, everything revolves around the establishing of a bad bank despite of Finance Minister Maria Fekter’s objection. However, now, after the elections, this issue needs to be resolved.
Austria: Downsizing Models for Hypo / Picture: © Vindobona.org
Possible options about the downsizing of the ailing banking institute are supposed to be presented at the beginning of next week.
One of these options is the creation of a fund company where non-performing loans could be deposited since neither the Austrian Banking Act (Bankwesengesetz) is applied here nor do capital requirements have to be met. According to Chairman of the…
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