Austria: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Insurance Regulation, and Anti-Money Laundering and Combating the Financing of Terrorism
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Summary:
Austria’s Financial System Stability Assessment highlights Reports on the Observance of Standards and Codes on banking supervision, securities regulation, and insurance regulation. The banking sector has weathered the recent economic slowdown well, and is generally sound and resilient. Austria enjoys a high standard of supervision based on strong institutions and a comprehensive legal framework. Ongoing reforms and European Union directives in the pipeline will address most of the identified gaps in observance of financial sector standards and codes.
Series:
Country Report No. 2004/238
Subject:
Anti-money laundering and combating the financing of terrorism (AML/CFT) Banking Commercial banks Crime Deposit insurance Financial crises Financial institutions Insurance companies Loans
English
Publication Date:
August 5, 2004
ISBN/ISSN:
9781451802351/1934-7685
Stock No:
1AUTEA0032004
Pages:
53
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