Regulatory Alerts2023-01-17
Deposit Guarantee Scheme Stress Test Regulation (SiEi-StrV)
The Austrian Financial Market Authority issued this regulation to standardize the content and format of stress test results submitted by deposit guarantee schemes. It mandates specific formatting rules, including reporting amounts in thousands of euros and converting foreign currencies using ECB reference rates. The text also establishes a four-point scoring scale for identifying areas of improvement and requires schemes to detail remedial measures if they receive a score of 3 or 4.
Share