European Parliament Library

Austria :, Publication of Financial Sector Assessment Program Documentation—Technical Note on Stress Testing the Banking Sector

Abstract
This Technical Note discusses key results of stress testing of the banking sector in Austria. The Austrian banking system is in a recovery phase following the 2008–2009 global financial crisis. Stress testing results suggest that Austrian banks, on aggregate, have sufficient capital buffers to withstand severe but plausible shocks from adverse macroeconomic developments. Under the most severe scenario, the estimated total capital shortfall amounts to 1 percent of GDP. The results of the solvency stress test reflect comfortable initial capital buffers built in response to the crisis, in part because of de-risking of balance sheets, and in part owing to banks’ recapitalization efforts through increased retained earnings
Table Of Contents
Cover; CONTENTS; Glossary; EXECUTIVE SUMMARY; TABLES; 1. Austria FSAP Update: Main Recommendations on Stress Testing; INTRODUCTION; FIGURES; 1. Profit Breakdown for the Austrian Banking System; 2. Baseline Growth WEO Forecast as of October 2012; 2. Financial System Structure; KEY RISK FACTORS; 3. Key Component of the FSAP Stress-Test; SOLVENCY STRESS TESTS; A. Macro Scenarios; B. Modeling Approach; BOXES; 1. Overview of the OeNB's Credit Risk Model for the Austrian Economy; C. Sensitivity Analysis; 4. Breakdown of Bank Lending by Borrower; 5. FX Scenario for the Swiss Franc
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (83 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781484377161

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