Press Release

45th meeting of the Financial Market Stability Board

The 45th meeting of Austria’s Financial Market Stability Board (FMSB) took place on June 4, 2025. The FMSB recommended to keep the countercyclical capital buffer at a rate of 0%. Investment funds rely on leverage only to a limited extent, but for real estate funds, liquidity risks remain high.

News

Annual Report 2024 (in German only)

In 2024, the FMSB focused on identifying and addressing systemic risks in commercial real estate financing, evaluating and monitoring the measures to limit systemic risks from private residential real estate financing, the regular evaluation of the OSII buffer and the systemic risk buffer as well as the quarterly determination of the countercyclical capital buffer.

News

Recommendation (FMSB/2/2025): guidance on applying the countercyclical capital buffer

The latest recommendation of Austria’s FMSB to the Financial Market Authority (FMA) is to leave the countercyclical capital buffer (CCyB) unchanged at a rate of 0% of risk-weighted assets.