IMF Staff Country Reports

Hungary: Financial System Stability Assessment Follow-up, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, and Payment Systems

June 5, 2002

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International Monetary Fund. Monetary and Capital Markets Department "Hungary: Financial System Stability Assessment Follow-up, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, and Payment Systems", IMF Staff Country Reports 2002, 112 (2002), accessed November 21, 2024, https://doi.org/10.5089/9781451817973.002

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Summary

This paper presents key findings of the Financial System Stability Assessment Follow-up for Hungary, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, and Payment Systems. The assessment reveals that Hungary is in the final stages of transition to a market economy and has one of the most developed and diversified financial systems in Central and Eastern Europe. The banking system is well managed and capitalized, and the quality of its assets is high.

Subject: Banking, Capital markets, Credit, Financial institutions, Financial markets, Insurance companies, Legal support in revenue administration, Money, Payment systems, Revenue administration

Keywords: Capital market, Capital markets, Central and Eastern Europe, Central bank, CR, Credit, Europe, Exchange rate, Financial system, Insurance companies, ISCR, Legal support in revenue administration, Monetary policy, Payment systems, Private sector, Western Europe

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