“The Hungarian draft law on certain measures relating to consumer loan contracts, as well as the draft law on the rules applicable to specific consumer loan contracts, were submitted to the ECB for consultation, but enacted shortly thereafter, before the ECB could adopt its opinions.
Likewise, the Hungarian authorities did not afford the ECB sufficient time to adopt its opinions on a draft law establishing a resolution framework for credit institutions and investment firms, a draft law on the general terms and conditions of consumer loan contracts and a draft law on the conversion of foreign exchange loans,” the ECB noted.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
