OeNB Calls on Austrian Banks to Strengthen Their Capital Base Further

OeNB Calls on Austrian Banks to Strengthen Their Capital Base Further / Picture: © Vindobona.org

Tensions in global financial markets have abated, with central banks providing increased liquidity to credit institutions and European governments taking action to counteract the crisis. Overall, these measures have had positive effects on financial stability. Nevertheless, financial markets in the euro area are still highly fragmented. As OeNB Governor Ewald Nowotny pointed out during…