Recommendation for the application of the countercyclical capital buffer (FMSG/3/2017)

13th meeting, September 15, 2017

In line with Article 23a para 1 Austrian Banking Act, the Financial Market Stability Board (FMSB) recommends that the Financial Market Authority (FMA) leave the countercyclical capital buffer (CCB) at a rate of 0% of risk-weighted assets. The buffer is to enter into force as from January 1, 2018. The main indicator, which reflects credit volume relative to GDP, is negative and, therefore, does not point to excessive credit growth.