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New Responsibilities for the Financial Market Authority

Published: January 3, 2011; 15:42 · (Vindobona)

As of 2011, the Austrian Financial Market Authority (FMA) has to face new challenges. The focus is on the fight against money laundering.

New Responsibilities for the Financial Market Authority / Picture: © FMA Finanzmarktaufsicht

In particular, stricter supervision of credit institutions and investment companies is on the new agendas.

With the start of the year, the European regulatory authorities for banks, insurance companies and pension funds as well as the supervision of securities, retake their activities. The FMA is  represented in all three institutions. This way, the supervision of cross-border…

This article includes a total of 260 words.

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