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Austrian Central Bank Calls for Rise in Equity for Banks
Politics ♦
Published: November 21, 2011; 15:13 ♦ (Vindobona)
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The Austrian Central Bank (OeNB) prescribes Austrian banks to raise their equity base. By 2016, a further capital base of 3.0% is required.
Austrian Central Bank Calls for Rise in Equity for Banks / Picture: © Vindobona.org
The Austrian Financial Market Authority (FMA) and the Austrian Central Bank (OeNB) today published a package of measures for domestic banks in order to strengthen their capital base. Moreover, the business model in the CESEE region should become more sustainable. Besides this, the refunding structure of subsidiaries in the region should be improved.
The Basel III regulations will…
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