Financial Market Authority (Austria)

The Austrian Financial Market Authority (German: Österreichische Finanzmarktaufsichtsbehörde, FMA) is Austria's integrated financial supervisory authority. It is responsible for the supervision of credit institutions (complementarily with the European Central Bank), payment institutions, insurance companies, pension funds, Fund managers, licensed securities service providers, and stock exchanges.

The FMA is an independent authority within the framework of the Financial Market Authority Act (FMABG), and is thus not bound by any political directives in the exercise of its office. However, the Ministry of Finance (Austria) has the right to consent to individual FMA regulations.

Whereas it is governed under a national framework of accountability, the FMA increasingly implements policies set at the European Union level. It is the national competent authority for Austria within European Banking Supervision. It is a voting member of the respective Boards of Supervisors of the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), and European Securities and Markets Authority (ESMA). It is Austria's designated National Resolution Authority and plenary session member of the Single Resolution Board (SRB). It provides the permanent single common representative for Austria in the Supervisory composition of the General Board of the Anti-Money Laundering Authority (AMLA). It is also a member of the European Systemic Risk Board (ESRB).