Banking Supervision to Control Nine Austrian Banks

Published: December 13, 2012; 22:51 · (Vindobona)

Austria´s Finance Minister Maria Fekter announces that nine Austrian banking groups will be supervised by the new banking supervision authority.

Banking Supervision to Control Nine Austrian Banks / Picture: © Flickr

According to Fekter, banks with total assets of more than € 30bn will be controlled by ECB. "From an institutional point of view, we established a certain degree of stability.” Fekter said. “However, the problems in South Europe will remain challenging tasks.” Besides Bank Austria, Erste Group, RZB (Raiffeisen Zentralbank), Bawag, RLB Upper Austria, RLB Lower Austria and OeKB,…

This article includes a total of 237 words.

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