This high amount of foreign currency loans is tightly monitored by the Austrian authorities and has already entailed a number of supervisory actions, including the introduction of a set of recommendations called “Minimum Standards of Granting and Managing Foreign Currency Loans.”  2  FSAPs are designed to assess the stability of a financial system as well as to identify and remedy weaknesses in a country’s financial sector structure.
Furthermore, some additional funding could also be raised if Greek public sector non-financial institution bond issues were to be considered as eligible marketable debt instruments.