FMA Financial Market Authority

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

Insurance Industry Records Decline in Premiums

Total premiums written dropped by 0.41% in the period from July to September. The life insurance business was down 7.93%.

December 29, 2011

Critics for FMA and Central Bank

Michael Ikrath, general secretary from Austrian Sparkassen, criticizes the Financial Market Authority and the Central Bank for equity requirements imposed on domestic banks.

December 28, 2011

OeNB: Developments in the Sovereign Debt Crisis Will Be Crucial for Financial Stability

The Austrian National Bank (OeNB) presented the 22nd Financial Stability Report.

December 16, 2011

Negative Performance at Pension Funds

Assets under management were down by 2.3%. The average performance was -2.8%.

December 7, 2011

Romania Protests Against Austria´s Banks

The Austrian Central Bank and the Financial Market Authority announced to oblige domestic banks to reduce their exposure in the CEE region. Romania fears a credit crunch.

November 28, 2011

Financial Market Authority Terminates Inquiry Against CEO of Erste Group

The head of the Austrian bank group had been accused of balance sheed fraud. A second investigation for alleged market manipulation is still ongoing.

November 24, 2011

Austrian Central Bank Calls for Rise in Equity for Banks

The Austrian Central Bank (OeNB) prescribes Austrian banks to raise their equity base. By 2016, a further capital base of 3.0% is required.

November 21, 2011

European Banking Authority: Austrian Banks Need € 2.9bn

Banks are required to establish a buffer such that the Core Tier 1 capital ratio reaches 9%. A major part of the capital needs is attributable to Volksbank Group.

October 27, 2011

FMA Investigates Against Treichl

The Austrian Financial Market Authority has severe suspicions against Erste Group´s CEO Andreas Treichl.

October 18, 2011

Hypo Alpe Adria Needs More Time to Build Up Capital

The Carinthian nationalized bank will not be able to meet the prescribed capital ratios by March 2012. Management and authorities are negotiating an extension of the deadline.

September 29, 2011

Insurance Industry: Moderate Decline in Premiums

Total premiums written dropped by 2.87% in the period from April to June. Life insurance business was down 11.23%.

September 15, 2011

FMA: Negative Performance of Austrian Pension Funds

The Financial Market Authority (FMA) reports a negative performance of Austrian pension funds for 2011: total return amounted to -1.2% for the first six months.

September 13, 2011

Hypo Alpe Adria: FMA Sees Capital Requirement of € 1.5bn

The Austrian nationalized bank has to fill the capital gap by 31 March 2012. Management wants to continue the downsizing program.

September 2, 2011

Financial Market Authority Terminates Inquiry against CEO of Immofinanz

The head of the Austrian real estate group had been accused of insider trading and delayed shareholder information.

August 12, 2011

Telekom Austria: Ex-Manager Applied for Leniency

Internal investigations also revealed dubious real estate transactions in the Austrian telecommunication group.

August 11, 2011

Massive Increase in Municipalities’ Foreign Currency Debt

The amount of foreign currency debt has doubled since 2009 and surpassed € 2bn in February 2011. Swiss franc denominated loans accounted for almost 100%.

July 25, 2011

Credit Costs to Rise in the Wake of Basel III

The new regulatory requirements are expected to increase the cost of credits and to reduce the Austrian banks’ profitability.

July 20, 2011

International Business Important for Austrian Insurers

The Austrian insurance companies recorded moderate growth in the first quarter of the year. More than 50% of their premium income comes from their international business.

June 21, 2011

Founding conference of the “CESEE Insurance Supervision Initiative” in Vienna

The “CESEE Insurance Supervision Initiative” is holding its founding conference today and tomorrow in Vienna.

April 16, 2011

Yield of Austrian pension funds: 6.5%

FMA report on the 4th Quarter 2010 of the Austrian pension funds: more assets under management, widely scattered performance.

March 18, 2011

Satisfactory Results for Insurance Industry

According to the FMA report, 2010 was a solid financial year for the Austrian insurance industry.

March 17, 2011

Suspicion of Insider Trading against Immofinanz’s CEO

The Austrian Financial Market Authority (FMA) is investigating Eduard Zehetner on suspicion of insider trading, according to the magazine "Profil".

January 25, 2011

Ruttenstorfer Fine Confirmed

The fine imposed to the CEO of Austrian OMV, Wolfgang Ruttenstorfer, for market manipulation, remains standing.

January 22, 2011

EU: New Early Warning System Against Financial Market Risks

Two Austrian officials point out the relevance of the new institution, which will particularly benefit Austria.

January 21, 2011

New Charges against Ruttenstorfer

The chairman of Austria's OMV is accused of market manipulation because of an interview.

January 14, 2011

FMA Prohibits Speculative Elements in Savings Accounts

The Austrian Financial Market Authority FMA specifies the characteristics of savings certificates. The traditional savings account is to remain non-speculative

January 5, 2011

New Responsibilities for the Financial Market Authority

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

January 3, 2011

FMA: Solid Performance of Austrian Pension Funds

The Financial Market Authority (FMA) publishes a report on the Austrian pension funds. The performance is diverse. .

December 17, 2010

Growth Trends in Austria's Insurance Industry

The FMA report for the 3rd quarter of 2010 indicates a light growth trend for the Austrian insurance industry.

December 15, 2010

Passing On of Bank Information: FMA Defends Itself

Since, according to Wikileaks, the Austrian Financial Market Authority (FMA) has passed on bank data to the U.S., a position has been taken about the issue.

December 5, 2010

OMV CEO: Insider-process on January27

While the trial date for the CEO of OMV has already been set, many leading personalities express their trust in an open letter.

December 2, 2010

Financial Market Authority Strengthens Fight Against Money Laundering

The Austrian Financial Market Authority (FMA) wishes more on-site inspections and targeted action against international money laundering

November 25, 2010

OMV's Supervisory Board Supports CEO Ruttenstorfer

The allegations of insider trading made by the Financial Market Authority are uncomprehensible, says member of the supervisory board Norbert Zimmermann.

November 23, 2010

Supervision of Banks: Austria and Russia Intensify Cooperation

A Memorandum of Understanding just signed facilitates cooperation in banking supervision between the two countries.

October 18, 2010

webfreeTV - Revocation of Listing at the Vienna Stock Exchange, the multimedia service provider from Burgenland is being excluded from the Vienna Stock Exchange as of October 31 because of repeated violation of disclosure requirements.

September 21, 2010

FMA and OeNB Welcome the Basel III Agreement

The package draws the right lessons from the financial crisis and provides for reasonable transition periods.

September 14, 2010

Kommunalkredit back in black

Kommunalkredit AG earned €7.5m ($9.5) net, in the first half of 2010. It is the first period since the split in November 2009; a comparison with the previous year is therefore limited.

August 30, 2010

OMV boss with possible prosecution

OMV CEO Wolfgang Ruttenstorfer maybe confronted with prosecution in the current proceedings against him as reported by Presse.

August 20, 2010
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