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FMA Financial Market Authority

Austrian Financial Market Authority Is Pleased With Whistle-Blowing System

In 2017 whistleblowers made 158 tip-offs regarding misconduct in the Austrian financial market. The FMA has been operating a special IT-based whistleblowing system since 1 February 2014 that allows the anonymous receipt of confidential information about possible instances of malpractice in supervised entities. FMA Executive Board: “Our whistle-blowing system is an important source of information for the FMA.”

April 20, 2018

Money Laundering: RBI Is Fined EUR 2.7 Million

The Austrian Financial Market Authority (FMA) has imposed the highest fine ever imposed by the FMA, i.e. a fine of EUR 2.748 million against Raiffeisen Bank International AG.

April 1, 2018

FACC AG / Audit pursuant to the Accounting Control Act completed

The audit pursuant to the Accounting Control Act (RL-KG) of the consolidated financial statements and of the half-year financial reports of FACC AG by the Financial Market Authority (FMA) was completed by a decree. All recognized infringements, with the exception of an accrual of provisions for onerous contracts (violation of IAS 37.14 and IAS 37.66), have already been corrected in accordance with IAS 8.42 in the consolidated financial statements and explained in the notes to the consolidated financial statements.

September 28, 2017

Austrian Financial Market Authority approves organisation as a run-off company pursuant to section 162 of the Austrian Bank Recovery and Resolution Act - banking licence expires

With reference to the ad-hoc announcements dated 26 April 2017 and 8 June 2017, KA Finanz AG (KF) announces that the Austrian Financial Market Authority (Finanzmarktaufsicht) approved today that KF will operate permanently as a run-off company (Abbaugesellschaft) pursuant to section 162 of the Austrian Bank Recovery and Resolution Act (Bundesgesetz über die Sanierung und Abwicklung von Banken, BaSAG).

September 6, 2017

FACC AG / FACC postpones the publication of the annual financial statements

In course of an enforcement procedure conducted by the Austrian Financial Market Authority (FMA) regarding the annual financial statements 2015/16 as well as the interim financial statements 2015/16 and the interim financial statements 2016/17 the company received a letter from FMA. The management board is currently evaluating the accounting issues and topics addressed by the FMA in order to reflect these in the before mentioned statements as well as in the annual financial statement 2016/17. The release of the annual financial statements 2016/17 will be therefore scheduled for June 13th, 2017.

May 11, 2017

CORRECTION: FMA Austrian Financial Market Authority / notice according to Art 116 para 6 BaSAG

The Austrian Financial Market Authority (FMA) in its function as the resolution authority under the Austrian Bank Recovery and Resolution Act (BaSAG) transposing the Bank Recovery and Resolution Directive (BRRD) into national law hereby notifies the application of the bail-in tool in respect of HETA Asset Resolution AG by emergency administrative decision of 10 April 2016.

April 10, 2016

Meinl Bank: Stephen Coleman to Become New CEO

Stephen Coleman will replace Günter Weiss, who must vacate his seat due to a ruling from the Austrian Financial Market Authority (FMA).

October 23, 2015

RBI Gets Rid of Public Shareholder

After tough negotiations with the Austrian financial market supervision, the Vienna-listed CESEE lender Raiffeisen Bank International repays about the half of the participation capital.

April 25, 2014

Austrian RBI Under Pressure

The Austrian National Bank (OeNB) and the Austrian Financial Market Authority (FMA) want Raiffeisen Bank International, the second-biggest lender in CESEE, not to repay the participation capital.

April 2, 2014

Austria: Banking Supervision Reveals Deficiencies

An intern test report of the Austrian National Bank (OeNB) and the Financial Market Authority (FMA) reveals insufficiencies in the documentation of the banking supervision.

March 7, 2014

Austria: FMA to Activate Whistleblower Hotline

At the beginning of this year the Financial Market Authority (FMA) in Austria has activated a “whistleblower hotline” for bank insiders to report about potential abuses.

January 3, 2014

Austrian Insurance Industry Records Positive Results

In the first half of 2013, the Austrian insurance sector registered an increasing premium income. Operating income was up substantially.

October 8, 2013

Hypo Group: Sale of Assets in SEE to Take Forms

The nationalized Austrian bank Hypo Group sells its assets in Southeastern Europe. The SEE-holding company will be established until the beginning of October.

September 29, 2013

Hypo Group Considers IPO

The Austrian nationalized bank takes an IPO of its Eastern subsidiaries into account.

August 31, 2013

Austria: Highest Rate of Foreign-Currency Debts

No other country in Europe exhibits such a high amount of private foreign currency credit users. In 2014, when the next wave of repayments is due many debtors might be in for a shock.

March 25, 2013

Austria: Less Money in Foreign Currency Credits

The volume of foreign currency loans has decreased further at the end of 2012.

March 7, 2013

Austria: Zumtobel Attracted Attention of FMA

The sudden price slump of 6 % for shares astonishes the authorities. Profits have dropped from € 18.0m to € 9.7m.

March 6, 2013

Fitch: Austrian Banking Industry Depends on CESEE

According to the U.S. rating agency, the situation of Austrian banks strongly depends on the development in central, east and southeast Europe.

January 14, 2013

Nowotny Remains Governor of OeNB

According to insiders, Ewald Nowotny will be re-elected as governor of Austrian National Bank (OeNB).

January 7, 2013

Austrian FMA Sharpens Lending Rules for Foreign Currency Loans

The Austrian Financial Market Authority changes the rules for banks which grant foreign currency loans.

January 2, 2013

Hypo Group: Cash Contributions Come at € 500m

The Austrian state has to inject another € 500m in the financially stricken nationalized bank. Furthermore, guarantees will increase by € 1.0bn.

November 14, 2012

FMA: „Austria is Open to Blackmail by Banks”

Kurt Pribil, director of the Austrian Financial Market Authority, thinks that the nationalization of banks has shown that the Austrian state is still under pressure.

October 23, 2012

Alpine Confirms „Substantial Losses“

The Austrian construction company is in severe difficulties. The management demonstrates optimism.

October 15, 2012

Hypo Group: Difficult Negotiations with Austrian State

The nationalized banking group urgently needs a capital injection. This year, the capital shortfall will be reduced by € 1.5bn.

October 9, 2012

Austrian Banks Meet Substantially Increased Capital Requirements

EBA exercise to strengthen capital positions of large European banks concluded: Erste Group Bank AG and Raiffeisen Zentralbank AG meet the increased Capital Requirements, Austrian National Bank announces.

October 3, 2012

Implementation of Banking Union to be Postponed

Initially, the Commission of the EU intended to introduce the banking union in 2013. After the fierce resistance of some member states, the Commission gives up its plans for the time being.

September 17, 2012

Banking Union: Austrian FMA Wants to Integrate Eastern European Countries

According to the board of Austria´s Financial Market Authority, not only the banks of the Eurozone should be supervised.

September 13, 2012

Hypo Group Cuts Jobs in Italy

The Austrian bank continues its downsizing program. 118 out of 403 jobs will be reduced in Italy.

September 13, 2012

Hypo Group´s Capital Shortfall at € 2.2bn

Today, the Austrian Financial Market Authority (FMA) announced its new estimation regarding the nationalized banking group. Insiders fear that Hypo Group needs even more money.

September 6, 2012

Bank Union: Austrian Banking Industry Cautious

European Forum Alpbach: In mid-September, the EU Commission will present its plans regarding the bank union. The bank union should not be implemented too fast, the Austrian Financial Market Authority says.

September 1, 2012

Outstanding Foreign Currency Loan Volumes Continue to Fall

The Austrian Financial Market Authority (FMA) publishes its quarterly survey on changes in foreign currency loans.

September 1, 2012

Pribil: „ECB Must Not Become Safe Haven for Zombie Banks”

At the European Forum Alpbach, the Director of the Austrian Financial Market Authority (FMA) Kurt Pribil stresses the importance of a centralized banking supervision authority.

August 31, 2012

Fekter Does Not Exclude Further Bank Aids Anymore

Austria´s Finance Minister Maria Fekter admits that the three nationalized banks Hypo Group and Kommunalkredit/KA Finanz may need further capital injections. In the past, Fekter denied the need of further bank aids.

August 23, 2012

FMA Pushes for Bank Insolvency Law

The Austrian Financial Market Authority increases pressure on the government. Director Helmut Ettl says the Austria needs an insolvency law for banks as soon as possible.

August 7, 2012

Banking Supervision: Satisfaction and Criticism

Austrian Members of the European Parliament welcomed the decisions taken by the euro summit. By contrast, the opposition party FPÖ criticizes the result as „final step towards a debt union“.

July 3, 2012

Stable Development in Austrian Insurance Sector

The Austrian Financial Market Authority (FMA) recorded a minor increase in the premium volume in the first quarter of 2012.

June 30, 2012

Austrian Foreign Currency Loan Level Declining

FMA Q1 2012 Quarterly Survey on Changes in Foreign Currency Loans: Volume of outstanding FX loans continues long-term fall.

June 13, 2012

OeNB Reacts to EU-Commission´s Critique

The EU Commission warned Austria of the big lending exposure in Eastern Europe. According to the Austrian Central Bank, the CESEE region must be seen differantiated.

May 31, 2012

FMA Extends Ban on Short Selling

The Austrian Financial Marketn Authority extends the temporary ban on naked short selling of selected financial stocks.

May 29, 2012

Hypo Group May Need Further State Aid

The directors of the Austrian Financial Market Authority (FMA) did not exclude that the nationalized Hypo Group Alpe Adria has a substantial capital shortfall.

May 23, 2012

Fekter Warns of Greek Exit

Austrias Finance Minister Maria Fekter sees enormous difficulties in the case of an exit out of the Eurozone. The Financial Market Authority (FMA) supports Fekter.

May 23, 2012

Raiffeisen Against Bank Insolvency Act

The Austrian government announced to introduce a bank insolvency act in summer. Raiffeisen wants a European solution.

May 9, 2012

Failed Austerity Package: „Austrian Rating Not Affected“

Bernhard Felderer, director of IHS (Institute of Advanced Studies) thinks that the incomplete austerity package has no effect on Austria´s prospects to return to the Triple-A status.

April 7, 2012

FMA: Insurance Companies Raised Profits to € 1.16bn

The Austrian Financial Market Authority (FMA) observes rising profits in the domestic insurance industry. Operating profits grew to € 1.16bn.

March 20, 2012

Austrian Supervisory Authority Published Guideline For Banks

The Austrian Financial Market Authority (FMA) has published a supervisory guideline to strengthen the sustainability of the business models of large internationally active Austrian banks.

March 14, 2012

EBA Does Not Accept Participation Capital as Equity

Austrian banks face new difficulties. The European Banking Authorities does not approve participation capital by the Austrian state as Tier-1 Equity Capital.

March 8, 2012

Nowotny: „Austrian Banking Activities in CEE Better than their Reputation”

According to the governor of the Austrian Central Bank (OeNB), Ewald Nowotny, Austrian banks engaged in Central and Eastern Europe are more stable than they are supposed to be.

March 1, 2012

Austrian Lending Restrictions Under Observation

The plan of the Austrian FMA and OeNB to restrict lending in CEE countries could be a violation of EU-law.

January 19, 2012

Hypo Alpe Adria Gets More Time to Build Up Capital

The Carinthian nationalized bank has to raise its own funds ratio to 12%. The Financial Market Authority granted a deadline extension of nine months.

December 30, 2011

VBAG: Sale of VBI to Be Closed in 2012

Contrary to the original schedule, the sale of the eastern European bank will not be closed by the end of the year.

December 29, 2011