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Rogán: Fidesz to propose 'fair banking' law

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Hungary's governing Fidesz party would like Parliament to pass a law on the "fair banking system" by the end of this year, to ensure the transparent pricing of retail loans, Antal Rogán, head of Fidesz' parliamentary group told a press conference in Budapest yesterday.

MPs of the Fidesz-KDNP governing alliance are expected to discuss the issue at a meeting in November, he said. Transparent pricing would mean that borrowers cannot be offered loan products without clearly stated rules on interest rate changes, Rogán said, adding that they are studying the German practice. Rogán said the government did not give up their plan to convert FX loans into forints, and they would like to phase out all FX loans next year.

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