Recommendation for the activation of the countercyclical capital buffer (FMSG/3/2016)

Eighth meeting, June 1, 2016

The FMSB recommends that the Financial Market Authority (FMA) maintain the countercyclical capital buffer rate of 0% of risk-weighted assets also in the fourth quarter, i.e. as of October 1, 2016. Current quantitative and qualitative analyses do not point to excessive credit growth in Austria. Total outstanding loans relative to GDP continue to considerably lag behind their long-term trend.