The 25th annual conference of the Group of Banking Supervisors from Central and Eastern Europe (BSCEE) will be held in Vienna from 23 to 26 April 2012. The banking supervisors of 22 countries in Central, Eastern and South-Eastern Europe belong to the BSCEE. Joining in 2008, the FMA has chaired the group since 1 January 2012. With “Cross-border cooperation – theory versus practice” as the main topic of the conference, the FMA specifically plans to present and discuss the package of measures aimed at reinforcing the sustainability of the business models of Austrian banks with international operations. A further topic is “Basel III – the road ahead”.
“We are very proud to host this anniversary event. “Particularly during periods marked by difficult economic conditions, cross-border cooperation is especially important for banking supervisors – not least in order to ensure a level playing field for the credit institutions,” FMA Executive Director Helmut Ettl announced.
A number of figures demonstrate the significance of the Central, Eastern and South-Eastern European market for Austrian banks. For instance, Austrian institutions are active in this economic area through a total of 68 subsidiary banks, which together accounted for a market share of 12.3% at the end of 2011. The figure represents aggregate total assets of approximately €270.1 billion.
The BSCEE Group was founded in 1991. Besides Austria, its members include: Albania, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldavia, Montenegro, Poland, Romania, Russia, Serbia, the Slovak Republic, Slovenia and the Ukraine. Armenia will join the group at this conference.
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-5106
+43/(0)676/882 49 516