Fines levied for violations in 2014 Q4 alone by the National Bank of Hungary (MNB) reached HUF 584 mln, while PSZAF levied HUF 556 mln from January-October in 2013, the paper noted. MNB levied a total of HUF 3.17 bln in fines throughout all of last year, including HUF 1.64 bln on the basis of broad financial market probes and HUF 1.25 bln in the case of Fortress Holdings, a company that defrauded investors out of billions of forints in a crime of unprecedented scale in Hungary’s financial market.
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