The National Bank of Hungary recently withdrew the licenses of brokerage firm Buda-Cash as well as of members of the DRB banking group, which have close ties with Buda-Cash. It also revoked the operating licenses of the DRB group’s members on Monday, paving the way for the depositors’ compensation. The central bank, also the financial market regulator, said it would ensure that OBA had sufficient liquidity to compensate depositors.
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