Austria : : Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Basel Core Principles for Effective Banking Supervision

• Record Nr.: UNINA9910789008603321
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2014
• ISBN: 1-4843-7546-7; 1-4843-7537-8; 1-4843-7565-3
• Descrizione fisica: 1 online resource (323 pages)
• Collana: IMF Staff Country Reports
• Disciplina: 332.15
• Soggetti: Banks and banking, International; Banks and banking; International finance; Accounting; Banks and Banking; Public Finance; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; Public Administration; Public Sector Accounting and Audits; Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill; Taxation, Subsidies, and Revenue: General; Auditing; Banking; Management accounting & bookkeeping; Financial services law & regulation; Financial reporting, financial statements; Public finance & taxation; Internal audit; Market risk; Financial statements; Legal support in revenue administration; Public financial management (PFM); Financial regulation and supervision; Revenue administration; Credit risk; Auditing, Internal; Financial risk management; Finance, Public; Revenue; Austria
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di contenuto: Cover; CONTENTS; Glossary; INTRODUCTION; INSTITUTIONAL AND MARKET STRUCTURE-OVERVIEW; PRECONDITIONS FOR EFFECTIVE BANKING SUPERVISION; DETAILED ASSESSMENT; A. Supervisory Powers, Responsibilities and Functions; B. Prudential Regulations and Requirements; SUMMARY COMPLIANCE WITH THE BASEL CORE PRINCIPLES; A. Summary Compliance with the Basel Core Principles-Detailed Assessment Report; RECOMMENDED ACTIONS TO IMPROVE COMPLIANCE WITH THE BASEL CORE PRINCIPLES AND THE EFFECTIVENESS OF REGULATORY AND SUPERVISORY FRAMEWORKS; AUTHORITIES' RESPONSE
• Sommario/riassunto: 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.