The Austrian National Bank makes a choice. Oliver Schütz is the new FMA boss. The FMA watches the money market. He leads with one other boss. He knows about bank rules now.
Oliver Schütz starts on November 1. He follows Helmut Ettl. Helmut Ettl works for the IWF now. The job lasts for 5 years.
16 people want this job. The bank talks to 3 people. All bosses choose Schütz. He knows many money rules. He works for big banks too.
Austria has clear rules for this job. The Finance Minister names one boss. The National Bank names the other boss. The government checks the choice now.
