Austria: Financial Sector Assessment Program Update Technical Note: Factual Update and Analysis of the IAIS Insurance Core Principles

July 2, 2008

Preview Citation

Format: Chicago

Austria: Financial Sector Assessment Program Update Technical Note: Factual Update and Analysis of the IAIS Insurance Core Principles, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

This technical note highlights Austria’s analysis of the International Association of Insurance Supervisors Insurance Core Principles. The Austrian economy generally performed well over the past several years, with growth above the euro-area average, falling unemployment, and low inflation. The Financial Market Authority (FMA) should investigate the use of market-based soundness indicators. Following the recent reorganization of bank supervision responsibilities, the FMA insurance supervisors will need to work even closer with the Oesterreichische Nationalbank (OeNB) in supervising financial groups.

Subject: Expenditure, Financial institutions, Financial regulation and supervision, Insurance, Insurance companies, Insurance Core Principles, Insurance supervision, Pension spending

Keywords: Asset, Balance sheet, Banking group, Company, Company's policy, CR, FMA detail, FMA insurance supervisor, FMA staff, FMA's supervision, Insurance, Insurance companies, Insurance Core Principles, Insurance supervision, ISCR, Pension spending, Reinsurance company, Southern Europe, Supervision

Publication Details

Pages:

12
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/207
Stock No:

1AUTEA2008007
ISBN:

9781451802467
ISSN:

1934-7685

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