(AFX UK Focus) 2009-06-26 09:34 Austrian regulator aims to stop retail forex loans

(AFX UK Focus) 2009-06-26 09:34 Austrian regulator aims to stop retail forex loans

VIENNA, June 26 (Reuters) - Austrian financial watchdog FMA is pushing banks to formally commit themselves to end foreign currency lending to Austrian retail clients in all but very exceptional cases, the FMA said on Friday. Lending in foreign currencies, especially Swiss francs and Japanese yen was for many years a popular way to cheaply finance houses in Austria, but banks virtually stoppe