Corporate Governance and Credit Institutions

Birgit Sauerzopf ()
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Birgit Sauerzopf: Oesterreichische Nationalbank

Financial Stability Report, 2008, issue 16, 135-148

Abstract: This article examines the concept of corporate governance and provides an overview of the current state of legislation at the European and Austrian level, highlighting the crucial importance of transparency and disclosure requirements as components of corporate governance. A comparison of legal bases in Austria and the EU reveals that Austria’s national implementation of the Banking Directive and its financial market reform in 2007 brought about significant advances in this area for Austrian credit institutions. Good corporate governance at credit institutions is a key factor in maintaining a stable financial market.

Keywords: Credit Institutions; Corporate Governance; Transparency; Austrian Banking Act (search for similar items in EconPapers)
JEL-codes: G34 K22 M52 (search for similar items in EconPapers)
Date: 2008
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