Press Release

36th meeting of Austria’s Financial Market Stability Board

In its 36th meeting on April 25, 2023, Austria’s Financial Market Stability Board (FMSB) focused on residential real estate financing and the countercyclical capital buffer (CCyB) and adopted its Annual Report for 2022.

News

Recommendation FMSB/2/2023: guidance on applying the countercyclical capital buffer (CCyB)

The latest recommendation of Austria’s Financial Market Stability Board (FMSB) to the Financial Market Authority (FMA), in line with Article 23a para. 1 Austrian Banking Act, is to leave the countercyclical capital buffer (CCyB) unchanged at a rate of 0% of risk-weighted assets. In light of the remaining uncertainties, the FMSB advises banks to exercise restraint with regard to dividend payouts and share buybacks in 2023 and to ensure adequate risk provisioning to strengthen resilience.

Press Release

35th meeting of Austria’s Financial Market Stability Board

In its 35th meeting on February 13, 2023, the FMSB focused on developments in residential real estate financing observed since the introduction of the regulation for sustainable lending standards for residential real estate financing (KIM-V) and on any necessary adjustments to this regulation