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Financial Market Authority FMA publishes a “Circular on Identification and Verification of Identity” to prevent money laundering and terrorist financing
Circular offers credit institutions help in interpreting the tighter identification provisions.
FMA presents 2007 Annual Report. Austria’s financial institutions able to reinforce their capital base despite a challenging environment. Supervision system strengthened by a comprehensive reform package
Austria’s finance industry has also proven stable and shock-resistant.
OeNB and FMA jointly publish another volume in their Guidelines series on Basel II on the Management of Interest Rate Risk in the Banking Book (IRRBB)
It is vitally important to establish suitable risk management systems.
Helmut Ettl new member of FMA Executive Board
Mr Ettl succeeds Heinrich Traumüller.
Reform of financial market supervision enters into force
OeNB and FMA are committed to working together in close cooperation in the area of banking supervision.
IMF presents a favourable FSAP follow-up report on the Austrian financial market
IMF concludes that Austria’s financial system has continued to strengthen and is shock-resistant.
FMA vehemently rejects the allegations put forward by Meinl-Bank
Meinl-Bank
FMA statement on ad hoc report of Meinl European Land Ltd. (MEL) published on November 21, 2007 at 10.48 a.m.
Meinl European Land Ltd. (MEL)
FMA survey: Austrian insurance companies and Pensionskassen barely affected by US real estate crisis
Austrian insurance companies and Pensionskassen are pursuing a risk aware investment strategy.
FMA survey: Austrian investment fund industry only marginally affected by US real estate crisis. Hardly any further suspensions of Austrian funds to be expected
Temporary suspension of issues and the repurchase of shares for investors protection.