Austria’s Ittner calls on domestic banks to raise capital buffers
Austria's largest banks are undercapitalised and must raise their capital buffers in line with competitors in the region, a senior central bank official has said.
On Wednesday, the National Bank of Austria confirmed comments by Andreas Ittner, an executive director at the National Bank of Austria, calling for the country's six biggest banks to "beef up" their risk buffers and "improve" capital ratios as they had lower capital buffers than their counterparts in Eastern Europe. Ittner said the
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