The macroprudential policy strategy for Austria

In line with recommendation ESRB/2013/1 by the European Systemic Risk Board, the ultimate objective of Austria’s macroprudential policy consists in making a material contribution to safeguarding the stability of the Austrian financial system as a whole. To this end, Austria’s macroprudential supervisors are committed to pursuing and fulfilling predefined intermediate objectives. The macroprudential policy strategy lays down the cornerstones for implementing macroprudential policy in Austria with a view to fostering the decision-making process as well as communication and accountability to the general public.