Austria : Publication of Financial Sector Assessment Program Documentation-Technical Note on Crisis Preparedness and Management Framework.
This Technical Note analyzes crisis preparedness and management framework in Austria. The global crisis revealed weaknesses in Austria's financial stability policy framework. Austria needs to put in place a special bank resolution regime to resolve problem banks in a manner that does not endang...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2014.
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| Series: | IMF Staff Country Reports; Country Report ;
No. 2014/015 |
| Online Access: | Full text available on IMF |
| Summary: | This Technical Note analyzes crisis preparedness and management framework in Austria. The global crisis revealed weaknesses in Austria's financial stability policy framework. Austria needs to put in place a special bank resolution regime to resolve problem banks in a manner that does not endanger financial stability or fiscal sustainability. Although the authorities prefer to await the formal adoption of the European Union (EU) Directive on bank recovery and resolution, it would be in Austria's interest to swiftly introduce a full-fledged bank resolution framework, with a wide range of tools and powers, and strengthened resolution arrangements with non-EU countries. |
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| Item Description: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Physical Description: | 1 online resource (48 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1934-7685 |
| Access: | Electronic access restricted to authorized BRAC University faculty, staff and students |