Press Release

37th meeting of Austria’s Financial Market Stability Board

The FMSB convened in its 37th meeting on June 28, 2023. The key topics on its agenda included the financing of commercial real estate and residential property, the countercyclical capital buffer (CCyB) and the use of leverage in alternative investment funds.

News

Recommendation FMSB/3/2023: guidance on applying the countercyclical 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 an environment of ongoing uncertainty, banks need to ensure capital levels that are adequate by international standards and they need to build up sufficient risk provisions to be prepared for dealing with cyclical risks should they materialize.

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.