Austrian Banks Expected to Pass Auditing

People ♦ Published: October 23, 2013; 10:11 ♦ (Vindobona)

According to the financial supervisors, the Austrian banks are likely to pass the ECB’s (European Central Bank) auditing since there are no significant adjustment requirements.

Austrian Banks Expected to Pass Auditing / Picture: ©

In total, six Austrian credit institutes fall below the competence of the European Central Bank. “We cannot swear an oath that nothing at all wil happen but we do not see major requirements in adaption,” Helmut Ettl, director of the financial market authority (FMA) said.

The European Central Bank introduced uniform standards for the biggest banks within the Eurozone, for…