In its 25th meeting on September 15, 2020, the Financial Market Stability Board (FMSB) again discussed the effects of COVID-19 countermeasures on financial stability in Austria. Based on its regular analysis of alternative investment funds (AIFs), the FMSB did not identify any significant systemic risks for the Austrian financial system from AIFs’ leverage financing. In conclusion, the FMSB recommended leaving the countercyclical capital buffer (CCyB) rate unchanged at 0% of risk-weighted assets.
