Austrian watchdog sees no direct threat to RBI from Russia activities

Kitco Media
By Reuters
Published:
Updated:
Reuters
VIENNA, May 9 (Reuters) - Austria's FMA banking regulator said on Tuesday it saw no direct danger to Raiffeisen Bank International from its activities in Russia. The FMA also said that the European Central Bank would have to approve of any spinning off of RBI's Russia business and that once that had happened, the central bank would play no supervisory role. RBI is one of the banks in Europe most exposed to Russia.
(Reporting by Alexandra Schwarz-Goerlich Writing by Madeline Chambers Editing by Miranda Murray)

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