UID:
edoccha_9958082992202883
Format:
1 online resource (72 p.)
ISBN:
1-4843-2009-3
,
1-61635-947-1
,
1-4843-5513-X
Series Statement:
IMF Staff Country Reports
Content:
This Financial Sector Stability Assessment report reviews economic development and different fiscal policies in Austria. The global crisis has revealed weaknesses in Austria’s financial stability policy framework, and recent changes at the European levels provide an opportunity to address these. Stress test results indicate that under adverse medium-term scenarios, virtually all Austrian banks, including all internationally active institutions, would meet regulatory capital requirements, and are resilient to funding and contagion risks. The Austrian Financial Market Authority (FMA) and the central bank (OeNB) collaborate effectively in performing banking supervision, including on a cross-border basis.
Note:
"September 2013."
,
Cover; CONTENTS; GLOSSARY; A; B; C; D; E; F; G; I; L; M; N; P; R; S; V; EXECUTIVE SUMMARY; TABLES; 1. FSAP-Key Recommendations; MACROFINANCIAL BACKGROUND; A. Macroeconomic Background; B. Financial System Structure; FIGURES; 1. Market Shares in Banking Sector; 2. Share of Banks' Assets and Profits in CESEE; C. Recent Crisis Experience and Policy Response; 3. Asset Growth in CESEE; FINANCIAL STABILITY; A. Financial Soundness; BOXES; 1. Supervisory Guidance on Strengthening the Sustainability of the Business Models of Large Internationally Active Austrian Banks
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2. Asset Quality of Austrian Banks in CESEE Countries4. NPL Trends in Austrian Banks Subsidiaries; 5. NPLs Coverage in CESEE; 6. Foreign Currency Lending to CESEE Households; 7. Funding Structure; 8. Breakdown of Operating Income (consolidated basis); 9. Capitalization Ratios-Peer Banks; B. Stress Tests; 10. Key Components of the FSAP Stress Tests; 11. Drivers of Changes in CT1 for the Whole Banking System; C. Summary Assessment; 12. Five-year CDS Spreads; FINANCIAL OVERSIGHT; 13. Select Euro Area Countries: Bank Branches and Employees per 10000 Inhabitants; A. Banking Oversight
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B. Insurance OversightC. Macroprudential Perspective; D. Anti-money Laundering and Combating the Financing of Terrorism (AML/CFT); CRISIS PREVENTION; A. Early Intervention and Liquidity Support; B. Bank Resolution Framework; C. Deposit Insurance Scheme; SYSTEMIC CRISIS MANAGEMENT; 2. Selected Economic Indicators, 2007-2014; 3. Vulnerability Indicators, 2007-2012; 4. Financial System Structure; 5. Financial Soundness Indicators (FSIs); 6. Soundness Indicators for the Insurance Sector; 14. Recent Economic Developments; 15. Sectoral Debt; 16. Selected Financial Market Indicators
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17. Banking Sector FSI Peer Comparison18. Solvency Stress Test Results-CT1 Capital Buckets; 19. Solvency Stress Test Results-CT1 Ratio Distribution; 20. Capital Adequacy Ratios-Sensitivity Analysis; 21. Systemic Risk in the CESEE Region; APPENDIXES; I. Implementation of the Key Recommendations of 2007 FSAP Update; II. Risk Assessment Matrix (RAM); III. Stress Test Matrix (STeM) For the Banking Sector; IV. Risks to the Financial Sector from Repayment Vehicles; 22. Structure of Product Categories of RPVs; 7. Breakdown of RPV's Funding Gap by Product Category
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8. Stress Test for RPV Yield and CHF Shock by Product CategoryANNEX; I. Report on the Observance of Standards and Codes-Basel Core Principles-Summary Assessment
,
English
Additional Edition:
ISBN 1-4843-5630-6
Additional Edition:
ISBN 1-306-04582-7
Language:
English
