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Rogán: Merger of cbank, finance watchdog only a possibility

History

If parliament approves the amendment proposing a merger of the tasks and powers of the central bank and financial watchdog PSZAF, that will only create a possibility, and the new rule would not automatically lead to a merger, head of parliament’s economic and IT committee Antal Rogan said on Thursday.

A possible merger could take place any time later, "even as late as in 2015", Mr Rogan said, adding that any merger should be stipulated in a cardinal law, requiring a two-third majority in parliament and it would also warrant an amendment to the law on the central bank.

A new law on the central bank is right now debated in parliament after the government introduced the relevant bill on Wednesday.

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