Financial Regulation in Hungary

Judit Badics, Károly Kiss, Zsolt Stenger and Szabolcs Szikszai
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Judit Badics: University of Pannonia
Zsolt Stenger: University of Pannonia
Szabolcs Szikszai: University of Pannonia

Working papers from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project

Abstract: The paper aims to study the evolution of the financial regulation and supervision in Hungary from 1987, the year when the foundations of the two-tier banking system were laid. After a brief overview of the history of the Hungarian financial system we turn our attention to the history of the financial regulation. We investigate systematically the main areas of the national financial regulation and discuss the implementation of the financial directives of the European Union in Hungary. Our analysis on the development of the Hungarian legal system concludes that it is almost fully harmonized with the European legislation.

Keywords: banking system; Hungary; financial crisis; financial institution; financial system; regulation (search for similar items in EconPapers)
JEL-codes: G01 G20 G21 G23 G28 N24 (search for similar items in EconPapers)
Pages: 102 pages
Date: 2014-09-01
New Economics Papers: this item is included in nep-ban, nep-cba, nep-his and nep-tra
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