Banking Supervision in Austria

Bnking supervision in Austria

On 15 April 2019, the Austrian Minister of Finance published a draft law amending the strucutre of financial market supervision. You can find the legislative package HERE. It is open for consultation until 6 May 2019.

This step was already expected and follows a prior governmental announcemnet from November 2018 to reform the national banking supervisory system. You can find the announcement HERE (in German only).

This client briefing summarises the envisaged amendments to the Austrian banking supervisory system.