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Critics for FMA and Central Bank
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Published: December 28, 2011; 18:56 ♦ (Vindobona)
Michael Ikrath, general secretary from Austrian Sparkassen, criticizes the Financial Market Authority and the Central Bank for equity requirements imposed on domestic banks.
Critics for FMA and Central Bank / Picture: © Vindobona.org
At the end of November, the Austrian Financial Market Authority (FMA) and the Austria Central Bank (OeNB) imposed new restrictions on domestic banks in order to raise their equity level and to reduce their exposure in the CEE region. Loans must be closely linked to the deposit volume. Now, the Association of Austrian Savings Banks (Sparkassenverband) criticizes these restrictions. “It…
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