Hungary : Financial System Stability Assessment Update, including a Report on the Observance of Standards and Codes on Insurance Regulation.

This paper presents an update to Hungary's Financial System Stability Assessment, including a Report on the Observance of Standards and Codes on Insurance Regulation. The assessment reveals that financial intermediation in Hungary has continued to deepen. The expansion of bank lending at higher...

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Detalhes bibliográficos
Autor Corporativo: International Monetary Fund
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2005.
coleção:IMF Staff Country Reports; Country Report ; No. 2005/212
Acesso em linha:Full text available on IMF
Descrição
Resumo:This paper presents an update to Hungary's Financial System Stability Assessment, including a Report on the Observance of Standards and Codes on Insurance Regulation. The assessment reveals that financial intermediation in Hungary has continued to deepen. The expansion of bank lending at higher interest margins has resulted in a sharp increase in bank profitability. Although financial soundness indicators show that the banking system has evolved well overall, potential risks have emerged, which should be carefully monitored and appropriately addressed. Nonbank financial institutions remain relatively small and are not currently a source of systemic vulnerability.
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Descrição Física:1 online resource (46 pages)
Formato:Mode of access: Internet
ISSN:1934-7685
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