20 November, 2013 In order to have single rules for handling potential cross border bank failures and reimbursing depositors, Deposit Protection Fund of Slovakia and the National Deposit Insurance Fund of Hungary today signed a mutual claims handling bilateral agreement. Aim of the cooperation that contains harmonization of technical details during an eventual payout is to serve mutual interest of the two countries in maintainaining financial stability and enhancement of public confidence in the financial system in line with objectives of EU Directive on Deposit Guarantee Systems. Having deep understanding on the diverse national legal environments and also with regard to creating mutual institutional ability that grounds fast and effective… Read More
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Four members of the Korean Deposit Insurance Corporation (KDIC) visited us Nov 4. The group which is focused on the Hungarian legal system relating to the responsibility investigation of bank failures was led by Mr. Seok Jae KIM (Managing Director, Chief Prosecutor, Head of the Insolvency Investigation Division, KDIC)
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