According to the vice president, if the Budapest bourse is not in Hungarian hands, then the proprietors have less incentive to develop it. Additionally, Windisch believes the stock market can operate “healthily” if its biggest actors take part in the management of the market.
The “partial listing” of state-owned companies in the market can lift the effectiveness of the BSE, according to the vice president, while programs could also be introduced to help local companies in listing their shares. He added that the central bank has also submitted a proposal to Hungary’s National Economy Ministry to help smaller firms receive funds through the financial market.
In the interview, Windisch reiterated the importance of banks operating in Hungary, to increase their lending activity. He said that it is “also a micro and macroeconomic necessity to force banks to have a healthy credit portfolio which includes corporate lending”.
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