Regulatory Alerts2016-09-22
Added · Updated
Warning of the European Systemic Risk Board on medium-term vulnerabilities in the residential real estate sector of Austria
The European Systemic Risk Board identifies medium-term vulnerabilities in Austria's residential real estate sector as a source of systemic risk to financial stability. The Board highlights robust growth in house prices and mortgage credit, alongside a risk of further loosening in lending standards, as the primary macroprudential concerns. These developments may lead to serious negative consequences for the real economy and financial stability.
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