Austria: Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Basel Core Principles for Effective Banking Supervision

January 21, 2014

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Format: Chicago

Austria: Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2014) accessed December 3, 2024

Summary

This paper discusses key findings of the Detailed Assessment of Basel Core Principles for Effective Banking Supervision on Austria. Since the outbreak of the financial crisis, some Austrian credit institutions had to be nationalized as an ad hoc measure to prevent contagion effects and to preserve financial stability. Bank capital ratios are improving but still lag behind other internationally active banks. Bank profits have been affected by low net interest income and risk provisioning reflecting higher nonperforming loans ratios. Austrian banks’ funding structure is relatively stable, and financing conditions have improved since the peak of the crisis.

Subject: Auditing, Banking, Credit risk, Financial regulation and supervision, Financial statements, Internal audit, Legal support in revenue administration, Market risk, Public financial management (PFM), Revenue administration

Keywords: Auditing, Bank auditor, Central bank, CR, Credit risk, Economic risk, Global, Holding company, Interest rate, Internal audit, Internal audit, ISCR, Legal support in revenue administration, Line of business, Market risk, Risk management, Senior management

Publication Details

Pages:

322
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/013
Stock No:

1AUTEA2014001
ISBN:

9781484374948
ISSN:

1934-7685

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