The Austrian Financial Market Authority (FMA), in its capacity as the Austrian resolution authority, today issued an administrative decision initiating the resolution of “Heta Asset Resolution AG” in accordance with the Federal Act on the Recovery and Resolution of Banks (BaSAG) in accordance with the new European resolution regime for banks. In order to draw up a resolution plan, which conforms with the aims of this new regime, the FMA on the strength of its legally granted powers has imposed a temporary moratorium on the liabilities of Heta Asset Resolution AG until 31.05.2016 against its creditors in accordance with BaSAG.
The accompanying edict in accordance with BaSAG was published immediately on the FMA website, in the FMA’s capacity as the Austrian resolution authority. It can be found ( in German) at: https://www.fma.gv.at/en/resolution-of-heta-asset-resolution-ag/
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-6006
+43/(0)676/882 49 516