Austria: Financial System Stability Assessment: Update

Volume/Issue: Volume 2008 Issue 190
Publication date: June 2008
ISBN: 9781451802429
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Economics- Macroeconomics , Business and Financial , ISCR , CR , bank consolidation process , mortgage bank , CDS spread , foreign currency , intervened bank to a sound bank , credit risk , return on equity , soundness indicator , Sharpe ratio , stock performance , Income , Loans , Stress testing , Insurance companies , Global

Summary

The Austrian authorities have been making great efforts since 2003 to enhance the quality of banking supervision and keep up-to-date with banking sector developments. Banks face a reputation risk arising from exposure to money laundering/financing of terrorism risk in both domestic and international activities. The authorities have already elaborated contingency plans for dealing with bank failures and other problem cases. Experience elsewhere suggests also that it can be valuable to set up a system that mandates a decision on required remedial action promptly after warning signs are detected.