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 light of the remaining uncertainties, the FMSB advises banks to exercise restraint with regard to dividend payouts and share buybacks in 2023 and to ensure adequate risk provisioning to strengthen resilience.