Regulatory Alerts2024-12-03
Regulation on Credit Institution Risk Management (KI-RMV)
The Financial Market Authority of Austria issued this regulation to transpose Directive 2013/36/EU and establish minimum requirements for credit institutions to properly capture, manage, monitor, and limit specified risks. It mandates that institutions implement coherent risk strategies, transparent organizational structures, and robust internal methodologies for assessing credit, market, operational, and liquidity risks. Furthermore, the regulation requires the maintenance of adequate capital buffers, regular stress testing, and detailed contingency plans to ensure resilience against liquidity shortfalls and excessive leverage.
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