The central bankʼs Financial Stability Council approved the decrees on July 7, following consultations with the Hungarian banking sector and the European Central Bank. The new decree will take effect on January 1, 2016.
With the introduction of the new regulation, the banking sectorʼs short-term external debt could fall by as much as €3 bln to €7 bln, or 6% of total assets, by the end of 2016, the central bank said.
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