270 result(s) for licence
National Bank Of Hungary Revokes Quaestor Licence, Clearing Way For Client Compensation
- 20 Apr 2015 9:00 AM
- business
The National Bank of Hungary said it revoked the licence of brokerage Quaestor and ordered it under liquidation, clearing the way for compensation of its clients. The decision to revoke Quaestor’s licence was taken because the brokerage “cannot repay its debts, and its property and assets do not offer coverage for settlement of its liabilities”, the central bank and financial market regulator ...
Video: Hungary's Brokerage Scandal, Thousands May Lose Life-Savings
- 8 Apr 2015 9:00 AM
- business
Hungary’s National Bank is still trying to estimate the fallout from its seizure of brokerage firm Quaestor. The company was shut down this week, the third security and investment firm to have its activities suspended within weeks. Investigators believe it may have invested scores of billions of euros more in bonds than it was allowed to under its bond insurance programme.
Video: Hungarian Government Denies Insider Trading
- 8 Apr 2015 9:00 AM
- business
Hungary's government denied insider trading after opposition members questioned a foreign ministry decision to withdraw state funds from a brokerage that filed for bankruptcy a few days later.
Hungary's President Asked Not To Sign Broker Age Asset -Seizure Law
- 2 Apr 2015 9:00 AM
- current affairs
The opposition Socialists have asked President János Áder to withhold his signature from the law on seizing the assets of brokerages to compensate the victims of brokerage scandals because the law exempts Quaestor’s banking division. Deputy chairman of parliament’s legislative committee, Gergely Bárándy, told a joint press conference held with deputy Socialist group leader Bertalan Tóth that ...
Woman Escapes Attempted Rape In Van
- 1 Apr 2015 9:00 AM
- current affairs
Police apprehended a man who attempted to rape a woman after forcing her into a van on Szerencs utca in the 15th District on Tuesday. After the assailant tore off half her dress, the woman managed to douse him with pepper spray and escape.
Billions Loaned To Quaestor Under Gyurcsány Govt, Says Fidesz
- 31 Mar 2015 9:00 AM
- business
Hungary’s Fidesz ruling party has proposed setting up a parliamentary sub-committee to investigate a government loan to the Quaestor brokerage made under the Socialist administration of Ferenc Gyurcsány.
Buda-Cash Investigation Should Target Role Of Central Bank
- 10 Mar 2015 8:00 AM
- business
An investigation into the Buda-Cash brokerage scandal should also examine the role of the central bank, former finance minister János Veres said. “Deficient” regulatory oversight by the central bank under the governing Fidesz party and the bank’s governor György Matolcsy had allowed funds of more than 100,000 clients to disappear.
Investigation On Suspicion Of Embezzlement In Buda-Cash Case In Hungary
- 2 Mar 2015 8:00 AM
- business
An investigation of an unknown perpetrator suspected of embezzling funds has been launched in the case of Buda-Cash, a lawyer for the brokerage’s chief executive said on commercial television.
Govt To Shorten Period Between Screenings In Wake Of Buda-Cash Affair
- 2 Mar 2015 4:00 AM
- current affairs
The government has already started drafting a package of changes to rules in the wake of the Buda-Cash affair, Economy Minister Mihály Varga told public television. The package would shorten the time between comprehensive reviews of financial institutions to three years from five at present, Varga said.
National Bank Of Hungary Revokes Quaestor Licence, Clearing Way For Client Compensation
- 20 Apr 2015 9:00 AM
- business
The National Bank of Hungary said it revoked the licence of brokerage Quaestor and ordered it under liquidation, clearing the way for compensation of its clients. The decision to revoke Quaestor’s licence was taken because the brokerage “cannot repay its debts, and its property and assets do not offer coverage for settlement of its liabilities”, the central bank and financial market regulator ...
Video: Hungary's Brokerage Scandal, Thousands May Lose Life-Savings
- 8 Apr 2015 9:00 AM
- business
Hungary’s National Bank is still trying to estimate the fallout from its seizure of brokerage firm Quaestor. The company was shut down this week, the third security and investment firm to have its activities suspended within weeks. Investigators believe it may have invested scores of billions of euros more in bonds than it was allowed to under its bond insurance programme.
Video: Hungarian Government Denies Insider Trading
- 8 Apr 2015 9:00 AM
- business
Hungary's government denied insider trading after opposition members questioned a foreign ministry decision to withdraw state funds from a brokerage that filed for bankruptcy a few days later.
Hungary's President Asked Not To Sign Broker Age Asset -Seizure Law
- 2 Apr 2015 9:00 AM
- current affairs
The opposition Socialists have asked President János Áder to withhold his signature from the law on seizing the assets of brokerages to compensate the victims of brokerage scandals because the law exempts Quaestor’s banking division. Deputy chairman of parliament’s legislative committee, Gergely Bárándy, told a joint press conference held with deputy Socialist group leader Bertalan Tóth that ...
Woman Escapes Attempted Rape In Van
- 1 Apr 2015 9:00 AM
- current affairs
Police apprehended a man who attempted to rape a woman after forcing her into a van on Szerencs utca in the 15th District on Tuesday. After the assailant tore off half her dress, the woman managed to douse him with pepper spray and escape.
Billions Loaned To Quaestor Under Gyurcsány Govt, Says Fidesz
- 31 Mar 2015 9:00 AM
- business
Hungary’s Fidesz ruling party has proposed setting up a parliamentary sub-committee to investigate a government loan to the Quaestor brokerage made under the Socialist administration of Ferenc Gyurcsány.
Buda-Cash Investigation Should Target Role Of Central Bank
- 10 Mar 2015 8:00 AM
- business
An investigation into the Buda-Cash brokerage scandal should also examine the role of the central bank, former finance minister János Veres said. “Deficient” regulatory oversight by the central bank under the governing Fidesz party and the bank’s governor György Matolcsy had allowed funds of more than 100,000 clients to disappear.
Investigation On Suspicion Of Embezzlement In Buda-Cash Case In Hungary
- 2 Mar 2015 8:00 AM
- business
An investigation of an unknown perpetrator suspected of embezzling funds has been launched in the case of Buda-Cash, a lawyer for the brokerage’s chief executive said on commercial television.
Govt To Shorten Period Between Screenings In Wake Of Buda-Cash Affair
- 2 Mar 2015 4:00 AM
- current affairs
The government has already started drafting a package of changes to rules in the wake of the Buda-Cash affair, Economy Minister Mihály Varga told public television. The package would shorten the time between comprehensive reviews of financial institutions to three years from five at present, Varga said.