APA ots news: FMA appoints a provisional administrator to the board of “Euram Bank”
The lawyer and auditor MMag. Dr. Gerd Konezny
is notified to the Board of Directors of “Euram Bank” by FMA decision as
appointed as provisional administrator.
Vienna (APA-ots) – The Austrian Financial Market Authority (FMA)
has today by
Notice with immediate effect to the board of the licensed
Kreditinstituts “European American Investment Bank AG” (Euram Bank)
with registered office at 1010 Vienna, Schottenring 18, the attorney and
Auditor MMag. Dr. Gerd Konezny, 1090 Vienna, Währingerstraße
16/20, as provisional administrator pursuant to Section 46 of the Federal Law on
the restructuring and resolution of banks (BaSAG).
The appointment of a provisional administrator is
This is a so-called early intervention measure, which enables the FMA
enables actual or threatened violations of
to counteract regulatory provisions as early as possible.
The task of the provisional administrator is to carry out all the tasks assigned to him
to exercise powers to find solutions to ensure compliance with the
To this end, the Commission has
The bank’s managing directors agreed with the provisional administrator
and to involve them in all agendas and
Competencies according to the rules of procedure of Euram Bank AG
Furthermore, the Board of Directors has the right to
Business cases before the decision is made, the consent of the provisional
The administrator must also obtain opinions and
The bank’s notifications to the supervisory authority must be checked for their plausibility
and continuously assess the bank’s financial situation.
This early intervention measure is necessary until the
Early intervention needs are limited, but not longer than twelve
Sweet.
Inquiry note:
Klaus Grubelnik (FMA media spokesperson)
Telephone: +43 / (0)1 / 24959-6006
Mobil: +43 / (0)676 / 88 249 516
E-Mail: [email protected]
Website: https://www.fma.gv.at/
Digital Press Folder: http://www.ots.at/pressemappe/694/aom
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