Cover IMF Staff Country Reports
Buy Book in Print
Austria: Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Basel Core Principles for Effective Banking Supervision
Author:
International Monetary Fund. Monetary and Capital Markets Department
Search for other papers by International Monetary Fund. Monetary and Capital Markets Department in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2014: Issue 013
Language:
English
Publication Date:
21 Jan 2014
DOI:
https://doi.org/10.5089/9781484374948.002
ISBN:
9781484374948
ISSN:
1934-7685
Pages:
322
Keywords:
ISCR; CR; risk management; bank auditor; holding company; economic risk; internal audit; central bank; senior management; interest rate; line of business; Internal audit; Market risk; Auditing; Legal support in revenue administration; Credit risk; Global
Download PDF (1.9 MB) Download Epub
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.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund