{"id":8752,"date":"2016-04-14T11:12:34","date_gmt":"2016-04-14T09:12:34","guid":{"rendered":"https:\/\/www.fma.gv.at\/en\/?page_id=8752"},"modified":"2025-09-12T10:55:57","modified_gmt":"2025-09-12T08:55:57","slug":"financial-market-stability-board","status":"publish","type":"page","link":"https:\/\/www.fma.gv.at\/en\/financial-market-supervision-in-austria\/financial-market-stability-board\/","title":{"rendered":"Financial Market Stability Board"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p class=\"wp-block-paragraph\">The purpose of macroprudential supervision is to identify and analyse in advance any risks to the stability of Austria&rsquo;s financial system, In Austria this role is performed by the&nbsp;Financial Market Stability Board (<abbr title=\"Financial Market Stability Board\">FMSB<\/abbr> ), which was established in 2014. This page covers detailed information about macroprudential supervision as well as the duties that are performed by the <abbr title=\"Financial Market Stability Board\">FMSB<\/abbr> .<\/p><h2 class=\"wp-block-heading\">What is macroprudential supervision?<\/h2><p class=\"wp-block-paragraph\">The purpose of macroprudential supervision is to identify and analyse in advance any risks to the stability of Austria&rsquo;s financial system. In addition to cyclical and structural risks, such may include fundamental issues relating to incentive problems in the financial system. Specific instruments are available to macroprudential supervision as a means of counteracting any potential threats to the stability of the financial system. It may for example require a bank from which a risk of serious disruption to the financial system emanates to maintain additional capital buffers. The creation of macroprudential supervision is a response to a timely and relevant lesson learned from the financial crisis of 2008-2009.<\/p><h2 class=\"wp-block-heading\">Role of the Financial Market Stability Board<\/h2><p class=\"wp-block-paragraph\">The <abbr title=\"Financial Market Stability Board\">FMSB<\/abbr>  was established as a central decision-making body for the purpose of implementing macroprudential supervision in Austria. Based on the expertise provided by the member institutions, the <abbr title=\"Financial Market Stability Board\">FMSB<\/abbr>  reviews issues of relevance to financial market stability, and can make recommendations or issue risk warnings to the <abbr title=\"Financial Market Authority\">FMA<\/abbr> .<\/p><h2 class=\"wp-block-heading\">Members of the Financial Market Stability Board<\/h2><p class=\"wp-block-paragraph\">The <abbr title=\"Financial Market Stability Board\">FMSB<\/abbr>  Chairperson is Nadine Wiedermann-Ondrej, Head of Department, Legal Matters on Insurance, Legal Matters on Auditor Oversight and State Guarantees at the <abbr title=\"Austrian Ministry of Finance\">BMF<\/abbr> . Alfred Katterl, head of the General Economic Policy Department, was appointed Deputy Chairperson. Sigrid Part and Karin Fischer serve as their alternates. Elisabeth Springler represents the Fiscal Advisory Council in the <abbr title=\"Financial Market Stability Board\">FMSB<\/abbr> . Peter Riedler and Harald Waiglein serve as alternate members. Executive Director Mariana K&uuml;hnel is the <abbr title=\"Financial Market Authority\">FMA<\/abbr> &lsquo;s member of the FMSB, with Executive Director Helmut Ettl serving as alternate member. Director Thomas Steiner is the&nbsp;<abbr title=\"Oesterreichische Nationalbank\">OeNB<\/abbr>  member of the FMSB and Markus Schwaiger alternate member.<\/p><h2 class=\"wp-block-heading\">Further Information<\/h2><div id=\"reference-6a3457a050846\" class=\"reference\"><h2 class=\"reference-heading\"><span class=\"fas fa-link\" aria-hidden=\"true\"><\/span>Link<\/h2><p><\/p><p><a href=\"https:\/\/fmsg.at\/en\/publications\/press-releases.html\" class=\"external\" target=\"_blank\" rel=\"noopener\">FMSB Press Releases<\/a><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The purpose of macroprudential supervision is to identify and analyse in advance any risks to the stability of Austria&rsquo;s financial &#8230;<\/p>\n","protected":false},"author":7,"featured_media":0,"parent":8757,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-8752","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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