Recent Developments in the Austrian Banking System's Liquidity Situation and the International Regulatory Debate
Given the tense situation in international money markets, the Austrian Financial Market Authority (FMA) and the Oesterreichische Nationalbank (OeNB) stepped up their liquidity monitoring in October 2008, requiring banks to submit reports on their liquidity situation on a weekly basis. Article 70 para 1 no 1 Federal Banking Act (BWG) provides the legal basis for this requirement, giving the FMA the right to request at any time for the purpose of monitoring credit institutions to present reports in specified form and layout. The new liquidity report is a supervisory and not a regulatory instrument and is without prejudice to the qualitative and quantitative requirements as well as the reporting requirements of Article 25 Federal Banking Act. The regulatory initiatives at the international level are discussed in the second chapter of this article.
Volume (Year): (2009)
Issue (Month): 18 ()
|Contact details of provider:|| Postal: |
Phone: +43/1/404 20 3126
Fax: +43/1/404 20 3199
Web page: http://www.oenb.at
More information through EDIRC
|Order Information:|| Postal: Oesterreichische Nationalbank, Documentation Management and Communications Services, Otto-Wagner Platz 3, A-1090 Vienna, Austria|
When requesting a correction, please mention this item's handle: RePEc:onb:oenbfs:y:2009:i:18:b:1. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Stefan W. Schmitz)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.