Austrian Government Agrees on Bank Restructuring Law

Politics ♦ Published: November 9, 2012; 17:29 ♦ (Vindobona)

“The agreements at government conference are intended to strengthen financial sector.” Finance Minister Maria Fekter says.

Austrian Government Agrees on Bank Restructuring Law / Picture: © Vindobona.org

As a result of the international banking and financial crisis of the past few years, at its conference in Laxenburg the coalition has agreed to upgrade the role of the Austrian Financial Market Authority (FMA).

Accounting police

Through the so-called Accounting Control Act, in future the accuracy of financial reporting of stock-market-listed companies is…