Recommendation FMSB/4/2020: guidance on applying the countercyclical capital buffer (CCyB)

In line with the Austrian Banking Act, the FMSB recommends that the FMA leave the countercyclical capital buffer (CCyB) at a rate of 0% of risk-weighted assets from January 1, 2021.

Press Release

25th meeting of the Financial Market Stability Board

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.


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.