1.

Record Nr.

UNINA9910815568003321

Titolo

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

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2014

ISBN

1-4843-7546-7

1-4843-7537-8

1-4843-7565-3

Edizione

[1st ed.]

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.