Austria: Publication of Financial Sector Assessment Program Documentation—Technical Note on Stress Testing the Banking Sector

January 21, 2014

Preview Citation

Format: Chicago

Austria: Publication of Financial Sector Assessment Program Documentation—Technical Note on Stress Testing the Banking Sector, (USA: International Monetary Fund, 2014) accessed November 24, 2024

Summary

This Technical Note discusses key results of stress testing of the banking sector in Austria. The Austrian banking system is in a recovery phase following the 2008–2009 global financial crisis. Stress testing results suggest that Austrian banks, on aggregate, have sufficient capital buffers to withstand severe but plausible shocks from adverse macroeconomic developments. Under the most severe scenario, the estimated total capital shortfall amounts to 1 percent of GDP. The results of the solvency stress test reflect comfortable initial capital buffers built in response to the crisis, in part because of de-risking of balance sheets, and in part owing to banks’ recapitalization efforts through increased retained earnings.

Subject: Banking, Commercial banks, Credit risk, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Liquidity stress testing, Solvency stress testing, Stress testing

Keywords: Bank assets, Banking sector, Capital base, Central bank, Commercial banks, CR, Credit risk, Eastern Europe, Europe, Fixed income, Foreign currency, Funding structure, Global, Government bond, Interbank market, ISCR, Liquidity position, Liquidity stress testing, Securities portfolio, Sensitivity analysis, Solvency stress testing, Stress testing

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/016
Stock No:

1AUTEA2014004
ISBN:

9781484377000
ISSN:

1934-7685

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