Regulatory Alerts2026-03-11
Austrian Banking Act (BWG)
The Austrian Federal Ministry of Finance issued the Banking Act (BWG) to regulate credit and financial institutions operating within Austria. This consolidated legislation establishes comprehensive requirements for licensing, capital conservation buffers, macro-prudential supervision, and the prevention of money laundering. It further defines the supervisory powers of the Financial Market Authority (FMA), outlines consumer protection measures, and sets forth rules for receivership, insolvency, and deposit guarantee schemes.
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