News

Guidance on applying the countercyclical buffer

In line with Article 23a para 1 of the Austrian Banking Act, the Financial Market Stability Board (FMSB) recommends that the Financial Market Authority (FMA) leave the countercyclical capital buffer (CCyB) at a rate of 0% of risk-weighted assets from July 1, 2020.

Press Release

23rd meeting of the Financial Market Stability Board

At its 23rd meeting on March 10, 2020, the Financial Market Stability Board (FMSB) discussed the development of structural systemic risks in the Austrian banking sector and of systemic risks arising from real estate financing, the funding models of deposit guarantee schemes in Austria and the FMSB’s annual report for 2019. The FMSB also affirmed its recommendation to leave the countercyclical capital buffer (CCyB) rate at 0%. Moreover, the FMSB looked into the economic impact of the coronavirus disease (COVID-19) on Austria.

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.