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Austria: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Insurance Regulation, and Anti-Money Laundering and Combating the Financing of Terrorism
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2004: Issue 238
Language:
English
Publication Date:
05 Aug 2004
DOI:
https://doi.org/10.5089/9781451802351.002
ISBN:
9781451802351
ISSN:
1934-7685
Pages:
53
Keywords:
ISCR; CR; bank; savings bank; deposit; asset; Austria; foreign currency; bank asset; joint stock; bank relationship; purpose bank; lending bank; Raiffeisen bank; problem bank; bank fail; raiffeisen bank; Commercial banks; Loans; Deposit insurance; Insurance companies; Anti-money laundering and combating the financing of terrorism (AML/CFT); Europe; Eastern Europe; Western Europe
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Austria’s Financial System Stability Assessment highlights Reports on the Observance of Standards and Codes on banking supervision, securities regulation, and insurance regulation. The banking sector has weathered the recent economic slowdown well, and is generally sound and resilient. Austria enjoys a high standard of supervision based on strong institutions and a comprehensive legal framework. Ongoing reforms and European Union directives in the pipeline will address most of the identified gaps in observance of financial sector standards and codes.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund