Report: Brokerage scandals could help foreign institutions
In the event that the Hungarian government introduces strict regulations on Hungarian banks and brokerages, domestic institutions will become less competitive in the European Union market and Hungarian investors could turn en masse to cheaper foreign service providers, Hungarian investment firm Equilor told Hungarian daily Napi Gazdaság today.
Equilor CEO Bálint Szécsényi (pictured) said that, although there is need for changes to improve public trust towards the financial sector, the government’s current proposed bill would impose extra fees on financial institutions and would lead to increased service costs for customers.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
