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Austrian Supervisory Authority Published Guideline For Banks
Politics ♦
Published: March 14, 2012; 13:16 ♦ (Vindobona)
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The Austrian Financial Market Authority (FMA) has published a supervisory guideline to strengthen the sustainability of the business models of large internationally active Austrian banks.
Austrian Supervisory Authority Published Guideline For Banks / Picture: © Vindobona.org
This so called “sustainability package”, which was developed in cooperation with the Oesterreichische Nationalbank (OeNB), is aimed at increasing the capitalization of these banking groups over the medium and long term and rebalancing the refinancing structure of exposed subsidiaries. Moreover, the guideline will ensure that banking groups have adequate recovery and resolution…
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