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FSAP 2019: The International Monetary Fund gives the Austrian financial system a positive report
International Monetary Fund gives the Austrian financial system a positive report
FMA publishes Circular on “Limited Networks” – explaining the provision governing the exception from the scope of the Payment Services Act 2018 as well as the obligation to notify such an exception
explaining the provision governing the exception from the scope of ZaDiG 2018 and the obligation to notify such an exception
Foreign Business of Austrian Insurance Undertakings increased by 4.1% to € 5.8 bn and accounts for approx. 40% of total premiums
+4.1% to € 5.8 bn and approx. 40% of total premiums
Inclusion of virtual currencies in the prevention of money laundering: certain providers subject to FMA supervision from 10 January 2020
certain providers subject to FMA supervision from 10 January 2020
FMA Inspection Plan 2020: 172 on-site inspections, significantly increased intensity of inspections
172 on-site inspections, significantly increased intensity of inspections
FMA publishes revised Minimum Standards on Internal Auditing
FMA publishes revised Minimum Standards on Internal Auditing
Number of investor warnings issued by FMA at new record high: 97 investor warnings were published in 2019
97 investor warnings published in 2019
FMA and OeNB define their joint objectives for banking supervision for 2020
Objectives for Banking Supervision in 2020
FMA Report on the State of the Austria Insurance Market: Investments away from the capital markets are more attractive in the low interest environment; cyberresilience of the Austrian insurance sector is currently still strongly driven in a “bottom-up” manner
on the State of the Austrian Insurance Industry
FMA Survey on Foreign Currency Loans in Q3 2019: massive reduction of outstanding volume of foreign currency loans continues
massive reduction of outstanding volume of foreign currency loans continues