Hungarian regulator’s role to be amplified
The Hungarian Financial Supervisory Authority (HSFA) will be given the power to issue some regulations and report independently to parliament, if a government proposal goes through.
The HSFA's chairman Adam Farkas said on Wednesday: "Instead of being controlled by the government, the supervisor would be moved under the authority of parliament as of 1 January if legislation is approved." The HSFA now reports to Hungary's government.
The legislation also proposes that the HSFA be empowered to ban
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