Deposit Registry to be discontinued

Banks’ administration to be decreased With regard to a concurrent launch of the mandatory consumer protection logo as of 1 March 2012, the Board of Directors of the NDIF cancels the requirement for member institutions to keep a mandatory Deposit Registry, as well as the related requirement for member institutions to supply data to the Hungarian Financial Supervisory Authority (HFSA). In the continuation, customers can make sure whether an individual banking product is insured by checking the consumer protection logo on the banking information brochure related to the product in question. The “Deposit and savings product selection programme” accessible on the HFSA’s home page provides information on material data of… Read More

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