Advanced Search
MyIDEAS: Login to save this article or follow this journal

Reform of the Hungarian corporate insolvency regulation and its financial stability aspects

Contents:

Author Info

  • Dr. Valéria Széplaki

    ()
    (Magyar Nemzeti Bank (central bank of Hungary))

Registered author(s):

    Abstract

    Corporate insolvency regulation is of decisive relevance for banks in terms of their secure operation and ability to recover outstanding claims from corporate clients. This topic has been the subject of many debates lately, as Hungarian corporate insolvency regulation has been undergoing reforms since 2003. One of the main objectives in this regard was to adopt new measures to improve the mediation of funds in the economy. This study introduces reviews leading to the reform, demonstrates the measures already adopted and those in the pipeline, and finally offers an assessment of the measures in general and from the perspective of financial stability. Reform measures adopted so far are favourable from the perspective of financial stability, since the international standards which have been introduced improve the secure operation of commercial banks when mediating funds. However, the reform has to be carried on, with special regard to the enhanced creditor protection temporary administrators and liquidators must be enabled to protect the interests of creditors in any situation and creditors should be afforded means to enforce it.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://english.mnb.hu/Root/Dokumentumtar/ENMNB/Kiadvanyok/mnben_mnbszemle/mnben_MNB_Bulletin_December_2006/mnbsz_200612_szeplaki_en.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Magyar Nemzeti Bank (the central bank of Hungary) in its journal MNB Bulletin.

    Volume (Year): 1 (2006)
    Issue (Month): 2 (December)
    Pages: 41-47

    as in new window
    Handle: RePEc:mnb:bullet:v:1:y:2006:i:2:p:41-47

    Contact details of provider:
    Web page: http://www.mnb.hu/
    More information through EDIRC

    Related research

    Keywords: insolvency; regulation; capital adequacy; securities; financial stability.;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:mnb:bullet:v:1:y:2006:i:2:p:41-47. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Maja Bajcsy).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.