Austria

ERGO Czech Portfolio Transfer to Generali Approved by FMA

The Austrian Financial Market Authority (FMA) granted approval for ERGO Versicherung Aktiengesellschaft (Vienna) to transfer its Czech branch establishment's portfolio of legal expenses insurance contracts to Generali Česká pojišťovna a.s. (Prague). The transfer was authorized via administrative decision dated 11 March 2026.

FMSG Recommends 0% Countercyclical Capital Buffer, Reviews AI and Stablecoins

The Financial Market Stability Board (FMSG) held its 48th meeting on 09 April 2026, recommending the FMA maintain a countercyclical capital buffer (CyCB) at 0% of domestic risk-weighted assets. At year-end 2025, three of sixteen indicators showed increased cyclical risks, while both Credit-to-GDP gap indicators remained below critical thresholds. The Board also reviewed impacts of AI and stablecoins on financial market stability, assessing stablecoin risks as currently low.

European Data Protection Board Publishes 2025 Activity Report

The European Data Protection Board published its 2025 annual activity report on April 9, 2026, as required by Article 71 GDPR. The report covers EDPB activities including guidance development, enforcement coordination, and stakeholder dialogue on the protection of natural persons in data processing within the EU and internationally.

Austrian Data Protection Authority publishes 2025 Activity Report

The Austrian Data Protection Authority (DSB Austria) published its 2025 Activity Report (Tätigkeitsbericht 2025), renamed from the prior 'Datenschutzbericht' title. The report covers the authority's enforcement activity, complaints handled, investigations concluded, and regulatory decisions issued during 2025. Austrian businesses, public bodies, and data protection officers should review the report to understand DSB Austria's enforcement priorities and emerging compliance expectations.

Insurance companies: content on supervisory disclosure updated

The Austrian Financial Market Authority (FMA) updated its website section on insurance supervision disclosure, effective April 2026. The update provides general qualitative information regarding the FMA's activities in 2025 under the Supervisory Review Process. Disclosed information must be easily accessible, justifiable, and comparable per VAG 2016 and EU Implementing Regulation 2015/2451.

Austrian Investment Fund Assets Reach Record €246.4bn

The Austrian Financial Market Authority (FMA) published its Quarterly Report on Asset Management showing Austrian investment funds reached €246.4 billion in assets under management at year-end 2025, a 6.8% increase year-on-year. Equity funds attracted net inflows of €3.9 billion and bond funds €3.1 billion, while mixed and real estate funds experienced outflows.

François-Louis Michaud appointed EBA Chairperson

François-Louis Michaud has been appointed Chairperson of the European Banking Authority (EBA), effective 16 April 2026. He was nominated by the Council of the European Union and confirmed by the European Parliament, serving a five-year term with the possibility of one extension. Michaud previously served as Executive Director of the EBA since September 2020.

Solvency II Microsite and Insurance Supervision Guidance

The Austrian Financial Market Authority (FMA) launched a new microsite dedicated to Solvency II, the EU-wide insurance supervision framework. The microsite organizes content across four thematic areas: significant elements and aims of Solvency II, the three-pillar supervisory approach, national and European developments, and recovery and resolution of insurance undertakings. This is an informational resource designed to improve transparency and accountability in Austrian insurance supervision.

INVEST-CON Finanzconsulting granted investment services licence

The Austrian Financial Market Authority (FMA) granted INVEST-CON Finanzconsulting GmbH a licence as an investment services provider pursuant to Article 4 of the Securities Supervision Act 2018 (WAG 2018). The company previously held a licence as an investment firm under Article 3 WAG 2018, which was progressively relinquished. The licence became effective on 16 March 2026 following the fulfillment of a condition precedent.

FMA Imposes €5,000 Fine for Unauthorised Investment Advice

The Austrian Financial Market Authority (FMA) has imposed a EUR 5,000 fine against a natural person for providing unauthorised investment advice related to financial instruments. The penal order is not yet final.