The banking recovery and resolution directive and the EU's crisis management framework : principles, interplay with the comprehensive assessment and the consequences for recapitalizing credit institutions in crisis situations

Against the background of recent house price increases in several European countries, the OeNB organized a workshop entitled “Are House Prices Endangering Financial Stability? If So, How Can We Counteract This?” It was held in Vienna on October 9 and 10, 2014. The workshop contributions demonstrated the complexity of assessing house price developments and of implementing macroprudential policy measures. One of the main policy conclusions was that collecting data on individual loan characteristics is a key priority for monitoring developments in the housing and mortgage loan markets. The workshop presentations are available on the OeNB website at http://www.oenb.at/en/Monetary-Policy/real-estate-market-analysis/workshops-and-conferences.html.