The FMA is the independent supervisory authority for the Austrian financial market. It protects investors, ensures stability and promotes innovations. Become part of a team that shapes the future of finance!
The Österreichische Finanzmarktaufsichtsbehörde (FMA) is the independent, non-directive and integrated supervisory authority for the Austrian financial market. Since its foundation in 2002, it has united the supervision of all essential financial market segments under one roof – including banks, insurance companies, pension funds, securities service providers as well as stock exchanges and other financial market infrastructures. The aim is to ensure the stability, integrity and functionality of the financial system in Austria and thus protect both the interests of investors and the economic security[1][3][4].
The FMA assumes a central role as a national supervisory authority and works closely with European bodies such as the European Central Bank (ECB) and the European supervisory authorities for banks (EBA), insurance companies and pension funds (EIOPA) and securities markets (ESMA). Through this network, the FMA contributes to the harmonization and security of the financial market at EU level. In addition to regular monitoring, its tasks include the development and enforcement of regulations and the education of the public about supervisory requirements[1][2][3].
The main mission of the FMA is to ensure a functioning and secure financial system. The protection of consumers and the prevention of financial fraud are just as much in focus as the promotion of innovation and the support of a modern financial market. Sustainability and transparency are central values that are reflected in their commitment to compliance with and promotion of legal, ethical and ecological standards[1][5].
As part of its sustainability initiatives, the FMA is increasingly committed to integrating environmental, social and governance criteria (ESG) into financial supervision. This includes promoting sustainable financial products and raising awareness among market participants of sustainable business models. In addition, the FMA supports measures for digitization and ecologically responsible innovation development on the financial market in order to promote long-term stability and resilience[5].
The organizational structure of the FMA is divided into management units such as banking supervision, insurance, pension fund and securities supervision, innovation and procedural departments as well as legal and service areas. The authority is subordinate to a two-member board and a supervisory board, also with close links to the Bundesministerium für Finanzen and the Österreichischen Nationalbank. This structure ensures efficient and transparent implementation of complex supervisory activities[1].
The FMA thus positions itself as a modern, integrative and future-oriented financial supervisory authority that steers and monitors the Austrian financial market and its development in the European context with a high level of expertise and independence.
This description is based on the official information of the FMA and supplementary trustworthy sources and comprises approximately 2500 characters in running text format.
