The FMSB evaluated and adjusted the macroprudential policy strategy for Austria to incorporate the instruments that the legislators had decided on in summer 2017. These new instruments address systemic risks arising from the debt financing of real estate.
In its 17th meeting on September 21, 2018, the Financial Market Stability Board (FMSB) clarified what it means by sustainable lending. Moreover, the FMSB decided to keep its recommendation on the countercyclical capital buffer unchanged.
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.