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Hungary: Financial Regulator to Be Merged With MNB

Published: April 19, 2013; 14:17 · (Vindobona)

Hungary plans to fuse the financial regulator with the central bank.

Hungary: Financial Regulator to Be Merged With MNB / Picture: © MNB

Antal Rogan, lawmaker of Hungary’s ruling Fidesz party announced on Thursday that the Hungarian government plans to fuse financial market regulator PSZAF with the central bank in order to improve its controlling power."This is on the agenda right now," Rogan said during a meeting of the American Chamber of Commerce in Hungary. "The European Central Bank is also striving to absorb most…

This article includes a total of 114 words.

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