1y  2y  Asia-5 (June 1997) Argentina (Dec. 2000) Russia (June 1998) CESEE* (June 2008)  -5-  oenb.info@oenb.at    Launched during the peak of the global financial crisis in early 2009;    Platform for cooperation between home and host country supervisors, the European Commission, IMF (and other international financial institutions) and banks;    Resulted in stabilizing commitment of foreign banks in the region;    Over the medium term CESEE countries expected to return to continued catch-up growth path, although at a lower level compared to the pre-crisis period.
Background: The aggregate exposure of Austrian banking groups (domestically owned) to CESEE amounted to around EUR 212bn in the second quarter 2010;   More than 70% of this exposure in EU Member States;    Claims of Austrian banks to Hungary account for EUR 26.7 bn. B.