{"id":7509101,"date":"2025-06-05T11:13:44","date_gmt":"2025-06-05T09:13:44","guid":{"rendered":"https:\/\/www.fma.gv.at\/?p=7509101"},"modified":"2025-06-12T15:41:40","modified_gmt":"2025-06-12T13:41:40","slug":"presseaussendung-zur-45-sitzung-des-finanzmarktstabilitatsgremiums","status":"publish","type":"post","link":"https:\/\/www.fma.gv.at\/en\/presseaussendung-zur-45-sitzung-des-finanzmarktstabilitatsgremiums\/","title":{"rendered":"Press Release about the 45th meeting of the Financial Market Stability Board (FMSG)"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p class=\"wp-block-paragraph\">The Financial Market Stability Board (FMSG; Finanzmarktstabilit&auml;tsgremium) held its 45th meeting on Wednesday, 4 June 2025. The press release relating to the meeting can be found on the FMSG website at <a href=\"https:\/\/www.fmsg.at\/en\/publications\/press-releases\/2025\/45th-meeting.html\" class=\"external\" target=\"_blank\" rel=\"noopener\">FMSG &ndash; Press Release about the 45th meeting of the Financial Market Stability Board<\/a>.<\/p><p class=\"wp-block-paragraph\">The most important topics of the meeting:<\/p><ul class=\"wp-block-list\">\n<li>The Countercyclical Capital Buffer (CCyB) should remain at 0%. From the 46th meeting of the FMSG onwards, a new methodology will be used to assess cyclical risks. A CCyB of 0% would also be calculated under this methodology.<\/li>\n\n\n<li>There are currently no systemic risks arising from the leveraged financing of alternative investment funds in Austria at this time.&nbsp;<\/li>\n\n\n<li>Real estate funds continue to display a high liquidity incongruence, that is also noticeable in comparison with the EU. An amendment to the law in 2021 addresses this issue inter alia by introducing a 12-month notice period for termination. The FMSG also highlights the position that has been repeatedly presented by the FMA and the OeNB, namely that a &ldquo;hurdle rate&rdquo; would thwart the objective of that amendment.<\/li>\n<\/ul><p class=\"wp-block-paragraph\">Further information about the recommendation on applying the Countercyclical Capital Buffer (FMSG\/2\/2025) can be found at: <a href=\"https:\/\/www.fmsg.at\/en\/publications\/warnings-and-recommendations\/2025\/recommendation-fmsb-2-2025.html\" class=\"external\" target=\"_blank\" rel=\"noopener\">FMSG &ndash; Recommendation: guidance on applying the countercyclical capital buffer (FMSG\/2\/2025)<\/a>.<\/p><p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>45th Meeting of the Financial Market Stability Board<\/p>\n","protected":false},"author":20,"featured_media":443962,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[80],"tags":[],"class_list":["post-7509101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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