Banking Sector: Government To Seek Greater Oversight

December 2009
Emerging Europe Monitor: Central Europe & Baltic States;Dec2009, Vol. 16 Issue 12, p5
Country Report
The article reports on the proposal of the National Bank of Hungary (NBH) to limit the loan-to-value in mortgage lending to 54% for euro loans and 35% for other foreign currencies in Hungary. It states that the move is formulated to reduce underlying systemic risks throughout the banking sector. It infers that despite the willingness of the government to reduce the structural risks it remains unclear if Prime Minister Gordon Bajnai will submit the legislation ahead of parliamentary elections.


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