Austria
Austrian gov't plans new financial market watchdog
Austrian Finance Minister Karl-Heinz Grasser submitted his plans for the creation of a new unified financial market regulatory authority to cabinet on Jan. 30. The proposed body will be responsible for supervising banks, insurers and the securities…
Current role of national central banks in the ESCB
This paper by Eduard Hochreiter describes in some detail the tasks currently performed by the national central banks of the Eurosystem, using the Oesterreichische Nationalbank as an example. it does so against the background of the regime shift to the…
M&A Bank attracts attention of Austrian regulator
Unconfirmed reports suggest that the Austrian finance supervisory authority has decided to bring forward a routine inspection of M&A Bank, a Vienna-based institution specialising in managing the assets of wealthy private customers. M&A Bank has attracted…
Mini interview with Austria's Klaus Liebscher
Following is a summary of the Market News International interview with European Central Bank (ECB) Governing Council member and Austrian National Bank Governor Klaus Liebscher that was conducted on Jan. 22.
Austrian central bank expects record 2000 profit
Austrian central bank expects to post a record profit in the region of Sch 22bn in 2000. Of this figure, around Sch 18bn will be transferred to the federal government in the form of a dividend. This compares with a profit of Sch 18bn in 1999.
EDS, Orga win Austrian gov't smartcard contract
The Austrian government yesterday provisionally awarded a much delayed smart card contract to US-based Electronic Data Systems Corp and German chipcard manufacturer Orga Kartensysteme. The smart cards will be issued to the approximately eight million…
Tumpel-Gugerell praises transition economies
At the opening of the International East-West Conference entitled "Completing Transition: The Main Challenges", the Central Bank of Austria's vice governor Tumpel-Gugerell highlights positive growth of all transition economies
The euro - a stable anchor for Europe: Liebscher
Dr Klaus Liebscher, governor of the Oesterreichische Nationalbank, gives a speech at a conference in Budapest entitled "Hungarian capital markets: On the verge of convergence".
Liebscher on globalisation of financial markets
On the occasion of the Oesterreichische Nationalbank's conference "Financial Crisis - A Never-Ending Story ?", governor Klaus Liebscher highlighted the roles of public policy and central banks in a highly dynamic and complex transformation process of our…
Tumpel-Gugerell: The eternal financial crisis?
Financial crises may hit anywhere, may affect any market, any country, any region, and may erupt all of a sudden, underlined OeNB vice governor Tumpel-Gugerell in her address on the occasion of the opening of the Oesterreichische Nationalbank's 1999 East…