Govt reviews possibility of merging financial market watchdog with central bank

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The government is reviewing the possibility of merging financial market regulator PSzÁF with the National Bank of Hungary, Antal Rogán, parliamentary group leader of governing Fidesz, said at an event organized by the American Chamber of Commerce on Thursday. The government will consult with the European Central Bank on the matter before submitting any bills to Parliament, Rogan said. PSzÁF could not be merged in its entirety with the MNB, he added. Legislation on the merger could come before Parliament before the summer, he said. The merger was put on the agenda after the MNB's new management took their positions in March, he added.

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