Brussels Representative Office
The Brussels Representative Office is the OeNB’s hub for collecting and processing information from the EU relevant to the OeNB. In addition, it represents the OeNB in business relations with the central banks of other EU Member States and maintains contacts to other key representative offices.
Tasks of the Brussels Representative Office
Collecting, processing and communicating information
The information collected and prepared by the Brussels Representative Office feeds into the OeNB’s work related to Economic and Monetary Union.
The Brussels Representative Office also answers specific queries from the OeNB head office and acts as a point of contact, in particular for OeNB staff, in Brussels.
The team of the Brussels Representative Office regularly holds lectures in Brussels and Austria. Furthermore, it organizes various events, such as meetings and panel discussions, and maintains a network with other central banks.
Organizing and participating in these events helps ensure that the OeNB is always well-informed about relevant topics.
The Brussels Representative Office offers OeNB staff and employees of other central banks the opportunity to participate in a trainee program and to support the OeNB’s activities in Brussels.
New York Representative Office
The New York Representative Office was established in 1987 and is part of the OeNB’s Treasury Department. Its staff currently comprises the Representative, two portfolio managers on secondment from the OeNB and two administrative assistants.
Tasks of the New York Representative Office
The New York Representative Office manages U.S. dollar and Canadian dollar reserves, investing in the money and bond markets. It also supports the OeNB head office in dealing with complaints and settlement problems. The Representative Office’s active portfolio management helps optimize not only risk exposure but also revenues; in addition, it is an excellent staff training opportunity and gives the OeNB better access to U.S. financial institutions and markets.
Information service for the OeNB head office
The New York Representative Office prepares reports and analyses of financial, economic and political developments in the U.S.A. and Canada, monitors financial institutions, putting a special focus on assessing the risk exposure of the OeNB’s counterparties, and analyzes financial instruments in cooperation with the OeNB’s Treasury Department, developing proposals for new investment options.
Representing the OeNB
The New York Representative Office establishes and maintains relations with, and exchanges information with, U.S. and Canadian monetary institutions, financial institutions, counterparties, central banks, diplomatic missions and academic institutions as well as Austrian banks and U.S. offices of Austrian authorities (consulate general, mission to the U.N., embassy, office of the Austrian Economic Chamber, cultural forum). Members of the Representative Office attend presentations and other events hosted e.g. by financial companies.
Point of contact for the OeNB and U.S. bodies
The Representative Office’s staff helps OeNB staff organize business trips, providing expertise and local personal contacts, and also helps organize training opportunities, supports the OeNB head office and OeNB subsidiaries on U.S.- and Canada-related issues, and helps international financial industry representatives plan their visits to Vienna.
Point of contact for other Austrian institutions
The New York Representative Office organizes meetings with international financial industry representatives, handles queries of Austrian institutions, and provides OeNB-related information (e.g. about the Austrian banking and financial system, OeNB analyses, historical securities).