Jan 05, 2016

National Bank of Hungary to Audit Brokerage Houses More Frequently

Minister of State Pál Völner told Hungarian public television M1 on 30 December 2015 that the National Bank of Hungary (MNB) will control brokerage houses more frequently in order to avoid investment frauds.

The aim of tightened controls is to make the accounting systems more reliable and to keep them updated. The new rights of MNB had a key role in disclosing recent brokerage scandals, Mr. Völner said. He also added that public awareness must be raised the in order to allow citizens to make conscious financial decisions.

(Ministry of Justice)