Liebscher on financial services in Austria

In the speech 'Overview of financial services in Austria' given on 17 June, Klaus Liebscher of the Austrian National Bank said Basel II is regarded a necessary instrument to meet the fundamental changes in the banking industry.

"Austrian banks are considered to be well informed of, and prepared for, the changes induced by Basel II. The Oesterreichische Nationalbank is closely involved in the Basel II process and currently conducts a road show on this topic to improve the level of know-how

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