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FMA and OeNB have defined their joint priorities for banking supervision for 2021.
Banking Supervision 2021
Investment fraudsters were particularly active in 2020, fraud victims lost around € 42,000 on average
fraud victims lost around € 42,000 on average
FMA implements the European Systemic Risk Board’s (ESRB) recommendations of distribution policy in light of the COVID-19 crisis
distribution policy in light of the COVID-19 crisis
FMA Report on the State of the Insurance Industry 2020: COVID-19 crisis exacerbates the challenges posed by the low interest environment
COVID-19 crisis exacerbates the challenges posed by the low interest environment
FMA Foreign Currency Loans Survey, 3rd Quarter 2020: continuing reduction in outstanding volume. Repayment vehicle coverage gap at YE 2019: € 3.9 bn.
Continuing reduction in outstanding volume. Repayment vehicle coverage gap at YE 2019: € 3.9 bn.
FMA supports ECB recommendation to refrain from distributions until 30 September 2021 and to urge utmost caution.
to refrain from distributions until 30 September 2021
FMA Report for Q3 2020 on Austrian Pensionskassen: assets managed increases to € 23.8 billion (+2.3%), investment performance +2.2%
assets managed increases to € 23.8 billion (+2.3%), investment performance +2.2%
FMA Report for the 3rd Quarter of 2020 for the Austrian insurance industry: premium volume falls by 0.7% to €4.36bn, result from ordinary activities (EGT) recovering slowly.
premium volume falls by 0.7% to €4.36bn, result from ordinary activities (EGT) recovering slowly.
FMA publishes its priorities for supervision and inspection for 2021 and presents the publication “Facts and Figures, Trends and Strategies 2021”.
FMA publishes priorities for supervision and inspections for 2021
Warning: professional money launderers are trying to attract jobseekers to work as financial agents, and to use them to launder money
professional money launderers are hiring jobseekers to work as financial agents, and using them to launder money