Regulatory Alerts2024-06-10
Regulation of the Financial Market Authority on Reporting by Deposit Guarantee Schemes
The Austrian Financial Market Authority mandates deposit guarantee schemes to report their financial status and liabilities in standardized electronic form to the Oesterreichische Nationalbank. The regulation defines qualified available financial means as liquid cash, deposits, and low-risk assets, while establishing two distinct calculation approaches for allocating recoveries against outstanding liabilities. It further specifies technical reporting standards, including cent-level accuracy and Euro conversion via European Central Bank reference rates, with phased implementation dates spanning from December 2015 to December 2024.
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