ADVERTISEMENT

MNB stipulates application of EU capital requirements for lenders, investment companies from January

Parliament

Pixabay

The National Bank of Hungary (MNB) has issued a decree outlining the requirements for the application of European Union capital resources for credit institutions and investment companies from January 2016 - following a provisional period of almost two years - in order to ensure compliance with the more stringent and uniform EU regulations as soon as possible, the MNB announced today.

The MNB said the Hungarian banking sector is prepared to comply with the requirements set by the European Union.

Prescribing higher capital requirements will help the Hungarian financial sector comply with European Union requirements sooner while also improving the sectorʼs stability and assessment, the MNB added.

The MNB decree was published in the official gazette, Magyar Közlöny yesterday.

Moody's Assigns A1 Ratings to MBH Mortgage Bank Covered Bond... Ratings

Moody's Assigns A1 Ratings to MBH Mortgage Bank Covered Bond...

EU's New Biometric Entry System Postponed Until November EU

EU's New Biometric Entry System Postponed Until November

Avg Blue-collar Hourly Wage Climbs 13.5% in Q2 HR

Avg Blue-collar Hourly Wage Climbs 13.5% in Q2

CATL Debrecen Becomes Sponsor of Campus Festival In Hungary

CATL Debrecen Becomes Sponsor of Campus Festival

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.