MNB to limit banks’ operation if business model deemed 'unsustainable'

Awards

DO NOT USE, TOO SMALL

A new department has been created in the Financial Institutions’ Supervision directorate of the National Bank of Hungary (MNB), to analyze in detail the business model of banks, István Binder said in an interview with vg.hu yesterday.

The new approach to be adopted by MNB will allow the national bank to identify risks associated with banks faster and in a more accurate manner. The new method will focus on individual banks instead of the banking system as a whole, Binder added. MNB will have the right to force banks to accept changes in their strategies or in their operation and could even force a bank to replace members of their executive team.

ADVERTISEMENT

40% of CEE businesses fear bankruptcies without bailouts Analysis

40% of CEE businesses fear bankruptcies without bailouts

General elections to be held on April 3 Elections

General elections to be held on April 3

Microsoft Hungary head Chris Mattheisen discusses the Vatica... Podcasts

Microsoft Hungary head Chris Mattheisen discusses the Vatica...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.