Austria should ‘stand ready’ to tighten capital requirements, IMF staff say

national-bank-austria
National Bank of Austria

Staff at the International Monetary Fund have welcomed Austria's plans to implement a systemic capital surcharge in their Article IV consultation report, but insist the authorities should "stand ready" to tighten capital requirements should risks arise.

While staff and directors praised the "significant progress" in revamping the country's regulatory and supervisory framework, they felt the banking sector's resilience could be "strengthened further".

Directors "underlined the need to continue to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.