The decision points in the right direction, especially because it establishes that society will not compensate, directly or indirectly, investors who “hunt for above average yields”, Levente Kovács, the associationʼs chief secretary told MTI.
Risk is an inseparable part of consciously seeking higher yields, he said. It is a natural consequence of financial responsibility that those who make risky decisions also bear the consequences, he added.
The Hungarian banking sector operates fairly and according to the rules, and it cannot take any responsibility for the activities of brokerages and their management that operate outside of the banking sector, Kovács said.
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