Regulatory Alerts2026-03-11
Added · Updated
Austrian Banking Act (BWG)
The Austrian Federal Ministry of Finance enacted the Banking Act to regulate credit and financial institutions within Austria. The legislation establishes comprehensive licensing requirements, defines permissible banking transactions, and mandates adherence to EU capital conservation and macro-prudential standards. It further outlines supervisory powers for the Financial Market Authority, consumer protection measures, and procedures for receivership and insolvency.