European Parliament Library

Austria :, Financial Sector Assessment Program Technical Note: Stress Testing and Short-Term Vulnerabilities

This technical note focuses on the Austrian banking system that exhibits considerable resilience against shocks determined by stress tests. The main sources of risk lie in the credit risk arising from exposures to Central, Eastern, and Southeastern Europe (CESE) and the Commonwealth of Independent States (CIS), indirect credit risk from foreign currency lending, and credit risk from domestic lending. The Austrian banking systems exhibits ample liquidity. In-depth discussions with the larger banks show that their modeling capacities vary
Table Of Contents
Cover; Contents; Glossary; Executive Summary; I. Introduction; II. Coverage; A. Institutions; B. Risks; III. Methodology; A. The BU Approach; B. The TD Approach; C. Methodological Caveats; IV. Shocks and Short-Term Vulnerabilities; A. Macroeconomic Scenarios; Tables; 1. Real GDP and Profit Development Under the CESE Shock; 2. Real GDP, Profit, and Interest Rate Developments Under the Global Downturn Shock; 3. Credit Risk Indicators; B. Market-Risk Shocks; C. Indirect Credit Risk Induced by Foreign Exchange Rate Risk; 4. Market-Risk Scenarios; D. Liquidity Risk; V. Results; A. Overview
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (40 p.)
Specific Material Designation
Form Of Item

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