53 result(s) for national bank governor in Business
Regulator Lets Investors Doublecheck Account Balances
- 5 Feb 2016 8:00 AM
- business
Clients of investment companies doing business in Hungary are now able to check their securities and equities account statements against data compiled by the market regulator, the National Bank of Hungary’s deputy governor in charge of oversight told journalists.
Hungarian Forint Joins CLS Multi-Currency Cash Settlement System
- 17 Nov 2015 8:00 AM
- business
Hungary’s forint has become part of the CLS (Continuous Linked Settlement) system that settles payment instructions relating to underlying FX transactions, the company (CLS Group - CLS) said. The Hungarian unit is the first central and eastern European currency to be added to the CLS settlement system, and the 18th overall, they said. “CLS ... has started settling payment instructions in the ...
NBH Governor: Hungary Sees Price, Financial Stability Since 2013
- 5 Nov 2015 8:00 AM
- business
Hungary has enjoyed price and financial stability since 2013, when changes got under way at the central bank, the bank’s governor, György Matolcsy, said. Addressing lawmakers in parliament in a debate of the bank’s 2012, 2013 and 2014 business reports, Matolcsy said the bank’s new leadership in place since March 2013 had returned to a “responsible, conservative, but creatively functioning” path ...
National Bank of Hungary To Launch Growth Supporting Programme
- 4 Nov 2015 8:00 AM
- business
The National Bank of Hungary will launch a Growth Supporting Programme (GSP) in January with the aim of increasing the banking sector’s lending to small and medium-sized firms by 250-400 billion forints, or 5-10% of total corporate lending stock, in 2016. The GSP comprises the final phase of the NBH’s Funding for Growth Scheme (FGS) as well as a package of incentives for active lenders dubbed the ...
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Hungary May Become Central-Europe’s Growth Hub
- 5 Oct 2015 11:00 AM
- business
Hungary has the capacity to become Central-Europe’s growth hub, Prime Minister Viktor Orbán said at the opening ceremony of the Bank of China’s RMB clearing centre in Hungary. Let us believe the Chinese (...), if they chose Budapest as their regional centre, there must plenty of steam, potential and future in this country (...). We are able to increase even our current economic performance, with ...
National Bank of Hungary Sets Foreign Currency Balance Indicator For Banks
- 31 Jul 2015 9:00 AM
- business
The National Bank of Hungary (NBH) will require banks to have a foreign currency balance indicator (DEM) of maximum 0.15 starting from January 1, 2016, according to a decree by the governor of the NBH published in the Thursday issue of the official gazette Magyar Közlöny. DEM for banks will be calculated based on the balance of foreign currency assets and liabilities divided by total assets.
Police Launch Investigation Into Quaestor
- 12 Mar 2015 8:00 AM
- business
The Hungarian police have launched an investigation of brokerage Quaestor on suspicion of fraud, the National Police Headquarters said. Quaestor’s headquarters were raided as part of the investigation, the police said. Earlier in the day political parties clashed over the brokerage scandal.
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.
Regulator Lets Investors Doublecheck Account Balances
- 5 Feb 2016 8:00 AM
- business
Clients of investment companies doing business in Hungary are now able to check their securities and equities account statements against data compiled by the market regulator, the National Bank of Hungary’s deputy governor in charge of oversight told journalists.
Hungarian Forint Joins CLS Multi-Currency Cash Settlement System
- 17 Nov 2015 8:00 AM
- business
Hungary’s forint has become part of the CLS (Continuous Linked Settlement) system that settles payment instructions relating to underlying FX transactions, the company (CLS Group - CLS) said. The Hungarian unit is the first central and eastern European currency to be added to the CLS settlement system, and the 18th overall, they said. “CLS ... has started settling payment instructions in the ...
NBH Governor: Hungary Sees Price, Financial Stability Since 2013
- 5 Nov 2015 8:00 AM
- business
Hungary has enjoyed price and financial stability since 2013, when changes got under way at the central bank, the bank’s governor, György Matolcsy, said. Addressing lawmakers in parliament in a debate of the bank’s 2012, 2013 and 2014 business reports, Matolcsy said the bank’s new leadership in place since March 2013 had returned to a “responsible, conservative, but creatively functioning” path ...
National Bank of Hungary To Launch Growth Supporting Programme
- 4 Nov 2015 8:00 AM
- business
The National Bank of Hungary will launch a Growth Supporting Programme (GSP) in January with the aim of increasing the banking sector’s lending to small and medium-sized firms by 250-400 billion forints, or 5-10% of total corporate lending stock, in 2016. The GSP comprises the final phase of the NBH’s Funding for Growth Scheme (FGS) as well as a package of incentives for active lenders dubbed the ...
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Hungary May Become Central-Europe’s Growth Hub
- 5 Oct 2015 11:00 AM
- business
Hungary has the capacity to become Central-Europe’s growth hub, Prime Minister Viktor Orbán said at the opening ceremony of the Bank of China’s RMB clearing centre in Hungary. Let us believe the Chinese (...), if they chose Budapest as their regional centre, there must plenty of steam, potential and future in this country (...). We are able to increase even our current economic performance, with ...
National Bank of Hungary Sets Foreign Currency Balance Indicator For Banks
- 31 Jul 2015 9:00 AM
- business
The National Bank of Hungary (NBH) will require banks to have a foreign currency balance indicator (DEM) of maximum 0.15 starting from January 1, 2016, according to a decree by the governor of the NBH published in the Thursday issue of the official gazette Magyar Közlöny. DEM for banks will be calculated based on the balance of foreign currency assets and liabilities divided by total assets.
Police Launch Investigation Into Quaestor
- 12 Mar 2015 8:00 AM
- business
The Hungarian police have launched an investigation of brokerage Quaestor on suspicion of fraud, the National Police Headquarters said. Quaestor’s headquarters were raided as part of the investigation, the police said. Earlier in the day political parties clashed over the brokerage scandal.
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.