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Rapid restructuring and stabilisation of Kommunalkredit AG further demonstrates efficiency and effectiveness of Austrian stability package for the financial markets

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The stabilisation and restructuring of Kommunalkredit AG further demonstrates the efficiency and effectiveness of the Austrian federal government’s stability package for the financial markets”, the two Executive Directors of the Financial Market Authority FMA Helmut Ettl and Kurt Pribil stated. “The bundle of measures that has now been adopted for Kommunalkredit shows that FMA, Oesterreichische Nationalbank and the federal government have all the necessary instruments at their disposal in order to react swiftly, individually and in a coordinated manner for the benefit of the Austrian financial industry and economy, also in the case of cross-border institutions.

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Klaus Grubelnik (FMA Media Spokesperson)
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