01886cas a2200241 a 4500 AALejournalIMF014160 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484377000 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Austria : Publication of Financial Sector Assessment Program Documentation-Technical Note on Stress Testing the Banking Sector. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (82 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Technical Note discusses key results of stress testing of the banking sector in Austria. The Austrian banking system is in a recovery phase following the 2008-2009 global financial crisis. Stress testing results suggest that Austrian banks, on aggregate, have sufficient capital buffers to withstand severe but plausible shocks from adverse macroeconomic developments. Under the most severe scenario, the estimated total capital shortfall amounts to 1 percent of GDP. The results of the solvency stress test reflect comfortable initial capital buffers built in response to the crisis, in part because of de-risking of balance sheets, and in part owing to banks' recapitalization efforts through increased retained earnings. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2014/016 Full text available on IMF http://elibrary.imf.org/view/journals/002/2014/016/002.2014.issue-016-en.xml IMF e-Library