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Michael Ikrath

Austria: Significant Increase in Bank Levy

In 2014, the bank levy is expected to increase substantially. Austrian banks regard the levy as massive competitive disadvantage.

January 10, 2014

„No Debt-Backed Tax Reform“

Austrian Finance Minister Michael Spindelegger underlines that Austria has to put more effort into fiscal consolidation measures.

December 23, 2013

Austrian Banking Industry Has to Fear Bank Tax Increase

At the end of this week, the Austrian social democrats and the conservatives agreed on continuing their coalition. Although the fiscal strategy is not fully known yet, a bank tax increase is likely.

December 14, 2013

Fekter Rejects Deposit Protection in EU

At the Alpbach Financial Symposium, Austria´s Minister of Finance Maria Fekter underlined to reject the European deposit protection.

October 4, 2012

Austrian Banks View Savers Protection to be Endangered

The planned unification of the deposit protection is met with skepticism at Austrian banks. As the details are not clear yet, the deposit protection is yet no issue anyway.

September 15, 2012

„Banking Union Must Not Become Burden for Real Economy“

The Federation of Austrian Industries (IV) underlines that the banking union must be competition-neutral. Above all, the real economy must not face liquidity constraints, IV says.

September 13, 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

3.5% Salary Increase in Austrian Banking Industry

After six negotiation rounds, the collective agreement at Austrian banks has been resolved. By April 1, salaries will increase.

March 31, 2012

Crystallizing Fronts in Austrian Banking Industry

For managers of the Austrian banking industry, the maximum salary increase for its employees is 3.3%. The trade unions call for a 3.8% increase.

March 14, 2012

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

Ikrath: "Bank Tax Should Fall in 2012"

Once the proposed bank rescue fund is set up, there should be no more national bank tax, says Michael Ikrath from the Sparkassenverband (Savings Banks Association).

March 19, 2011

Banks: No Agreement on Salary Negotiations

No agreement has been reached either in the fourth round of collective negotiations for bank employees. The situation is worsening.

March 9, 2011

Bank Taxes: „Job Cuts or Price Increase”

According to Michael Ikrath, bank representative of the “Sparkassen”, the new charges for Austrian banks are the highest in Europe.

January 17, 2011