Concern over financial watchdog reform in Hungary

The National Bank of Hungary has issued a statement stressing that there is no need to reorganise the State Supervision of Financial Institutions and saying that the regulator is carrying out its duties appropriately.

Source: Kossuth Radio

The central bank is concerned about the planned reorganization of the State Supervision of Financial Institutions [PSZAF] because it thinks that the unjustified reorganization threatens financial stability.

The bank has issued a statement to stress that there

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