Austria May Impose EU6.5b Risk Buffer on Biggest Banks
rste Group Bank, Raiffeisen Bank
International owner RZB, UniCredit Bank Austria may have to
raise more than EU6.5b in total as Austria mulls imposing
“systemic risk buffer” of up to 3% CET1 capital, Format
reports, citing paper by Financial Market Stability Board.
* Erste, RZB, Bank Austria face additional 3% risk buffer;
Bawag PSK Bank, Sberbank Europe, Raffeisenholding NOe-Wien,
Raiffeisenlandesbank OOe, Hypo NOe, Hypo OOe, Hypo Tirol,
Hypo Vorarlberg face 1% buffer
* Additional capital to cover banks’ eastern European
exposure, less availability of state aid
* FMA, central bank want to give banks time until July 2016 to
raise capital; timetable still subject to discussion
* Banking industry lobbying at finance ministry to postpone
deadline for introduction of buffer, Format says
* NOTE: Austria’s Ittner Says Rating Cuts ‘Plausible’ on Bail-
in Rules
* NOTE: Austrian Board Says Systemic Risk Buffer Could Boost
Stability