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The European Banking Authority has elected Dr Csaba Kandrács, Deputy Governor of the Central Bank of Hungary, as a new member of its Board of Supervisors.
As digital fraud cases surge across Hungary, the nation’s CyberShield program, designed to curb online scams, has been given a significant boost. The national Supervisory Authority for Regulatory Affairs (SZTFH) has joined the initiative, fortifying the defenses against cybercrime and enhancing digital security awareness nationwide.
The operating license of the Hungarian subsidiary of Russia's Sberbank was revoked. The bank's clients are set to receive compensation of up to EUR 100,000.