Austria : Financial System Stability Assessment: Update

1AUTEA2008003 Image
Price:  $18.00

Release Date: © June, 2008
ISBN : 978-1-45180-242-9
Stock #: 1AUTEA2008003
Stock Status: On back-order

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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.


Economic policy , Financial institutions and markets , Financial system stability assessment , Insurance , International financial system , Pensions , Social policy

More publications in this series: IMF Staff Country Reports