Recommendation FMSB/5/2020: guidance on applying the countercyclical capital buffer (CCyB)

In line with 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 April 1, 2021.

Press Release

26th meeting of the Financial Market Stability Board

In its 26th meeting on December 15, 2020, the Financial Market Stability Board (FMSB) discussed the effects of the COVID-19 pandemic and their implications for the financial system. Moreover, the FMSB evaluated progress in achieving the intermediate macroprudential objectives against the background of the COVID-19 pandemic. An additional topic under discussion was the availability of data on commercial real estate. In conclusion, 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.