Recommendation FMSB/1/2021: guidance on applying the countercyclical capital buffer (CCyB)

In line with Article 23a para. 1 of the Austrian Banking Act, the FMSB recommends that the Financial Market Authority (FMA) leave the countercyclical capital buffer (CCyB) unchanged at a rate of 0% of risk-weighted assets from July 1, 2021.

Press Release

27th meeting of the Financial Market Stability Board

In its 27th meeting on March 9, 2021, Austria’s Financial Market Stability Board (FMSB) focused once more on the effects of the COVID-19 pandemic on the financial system. Apart from its annual report for 2020, the FMSB also discussed the systemic risks arising from the financing of commercial real estate. In addition, the FMSB recommended leaving the countercyclical capital buffer (CCyB) rate unchanged at 0% of risk-weighted assets.


Tasks of the FMSB

The Financial Market Stability Board (FMSB) has been established to strengthen cooperation in the field of macroprudential supervision and to promote financial market stability. The tasks of the FMSB have been defined in the Federal Act on the Institution and Organisation of the Financial Market Authority.