Austria : Financial Sector Assessment Program Update Technical Note: Factual Update and Analysis of the IAIS Insurance Core Principles

1AUTEA2008007 Image
Price:  $18.00

Release Date: © July, 2008
ISBN : 978-1-45180-246-7
Stock #: 1AUTEA2008007
English
Stock Status: On back-order

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Description

This technical note highlights Austria’s analysis of the International Association of Insurance Supervisors Insurance Core Principles. The Austrian economy generally performed well over the past several years, with growth above the euro-area average, falling unemployment, and low inflation. The Financial Market Authority (FMA) should investigate the use of market-based soundness indicators. Following the recent reorganization of bank supervision responsibilities, the FMA insurance supervisors will need to work even closer with the Oesterreichische Nationalbank (OeNB) in supervising financial groups.

Taxonomy

Anti-money laundering , International financial system




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