Austria should ‘stand ready’ to tighten capital requirements, IMF staff say
Austria has made ‘significant progress’ in restructuring regulatory and supervisory framework, report finds
Staff at the International Monetary Fund have welcomed Austria's plans to implement a systemic capital surcharge in their Article IV consultation report, but insist the authorities should "stand ready" to tighten capital requirements should risks arise.
While staff and directors praised the "significant progress" in revamping the country's regulatory and supervisory framework, they felt the banking sector's resilience could be "strengthened further".
Directors "underlined the need to continue to
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