Beva waits for expert opinion despite MNBʼs stance

Parliament

The Investor Protection Fund (Beva) acknowledges the National Bank of Hungaryʼs (MNB) stand on compensating holders of "fictitious Quaestor bonds", however it would wait to take action until external legal experts deliver an opinion, Beva’s managing director Péter Farkas told Hungarian news agency MTI today.

MNB deputy governor László Windisch yesterday said it would launch, in association with Beva, the compensation of investors who subscribed "fictitious bonds" issued by a member of the Quaestor group.

Fidesz caucus leader Antal Rogán said earlier that Beva should also offer compensation to investors for corporate bonds.

ADVERTISEMENT

Budapest Named 5th Best City in Europe for Bargain Lovers Analysis

Budapest Named 5th Best City in Europe for Bargain Lovers

MPs time local elections to coincide with EP election Elections

MPs time local elections to coincide with EP election

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

Muni Council Organizing Meeting to Improve Air Quality City

Muni Council Organizing Meeting to Improve Air Quality

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.