News

19th meeting of the FMSB

Convening for the 19th time, the Financial Market Stability Board (FMSB) met on February 18, 2019, to discuss its Annual Report for 2018 and adopt a preliminary work plan for 2019. Moreover, the FMSB issued a recommendation to leave the countercyclical capital buffer (CCyB) rate at 0% for the third quarter of 2019.

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Press Release

Annual Report 2018 (available in German only)

The central aspects of the FMSB’s work in 2018 were an evaluation of macroprudential capital buffers and sustainable lending standards for real estate financing. The use of capital buffers proved to be effective in reducing systemic risks without scaling back lending to the real sector in Austria. This reduction of systemic risks was also reflected in a rating upgrade of the Austrian banking system, which in turn caused the funding costs of banks, and hence of the Austrian real economy, to go down.

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FMSB

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.

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