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FMA and OeNB Welcome the Basel III Agreement
Politics ♦
Published: September 14, 2010; 15:15 ♦ (Vindobona)
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The package draws the right lessons from the financial crisis and provides for reasonable transition periods.
FMA and OeNB Welcome the Basel III Agreement / Picture: © FMA Finanzmarktaufsicht
The Financial Market Authority (FMA) and the Oesterreichische Nationalbank (OeNB) welcome the strengthening of the global capital standards decided by the Basel Committee. The required higher minimum capital ratios and the improved quality of the equity instruments increase the resilience of the banks and therefore strengthen the long-term financial market stability.
The increase…
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