Press releases 2020
The 24th meeting of the Financial Market Stability Board (FMSB) on June 15, 2020, focused on the effects of the COVID-19 crisis on financial stability in Austria and an update of the board’s recommendations on the structural macroprudential capital buffers. In addition, the FMSB recommended leaving the countercyclical capital buffer rate unchanged at 0% of risk-weighted assets.
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.