Hungarian National Bank

ECB adjusts its capital key

Retrieved on: 
Wednesday, January 3, 2024
Deutsche Bundesbank, European Commission, Council, NCBS, National bank, Danmarks Nationalbank, Frankfurt, Bank, Official Journal, Central bank, Gross domestic product, Central Bank of Cyprus, Hungarian National Bank, Bank of Greece, GDP, European, Number, Population, Bulgarian National Bank, Bank of Estonia, Civil service commission, Central Bank of Ireland, Reproduction, Statute, Oesterreichische Nationalbank, Bank of France, Sveriges Riksbank, De Nederlandsche Bank, European Central Bank, NCB, Banco de Portugal, Central Bank of Malta, EUR, Communication, Commission, ECB

Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.

Key Points: 
  • Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.
  • Both monetary policy and communication shocks spill over to stocks, with euro area information spillovers being particularly strong.

Grape Solutions wins tender for managing the Hungarian National Bank's Javascript-based systems

Retrieved on: 
Wednesday, August 24, 2022
Partnership, CEO, Java, Solution, JavaScript, Microsoft, Maintenance, Wizz Air, National bank, Financial Times, MOL (company), Hungarian National Bank, Microsoft Windows, Life, Cryptocurrency, EU, Bayer, UNICEF

BUDAPEST, Hungary, Aug. 24, 2022 /PRNewswire/ -- Grape Solutions has signed a 60-month framework agreement with the Hungarian National Bank to provide IT services under the EU tender procedure. As the winner of the tender "Support for JavaScript-based systems", Grape Solutions ensures the Hungarian National Bank operation and software development services for Microsoft Windows and Java environment systems, helping the submission, maintenance, administration and execution of JavaScript-based products, data services, from 30 April 2022 (KBF/393/2021). 

Key Points: 
  • Grape Solutions won the tender for managing Javascript-based systems, called by the Hungarian National Bank in December 2021, Public Procurement Authority announced.
  • BUDAPEST, Hungary, Aug. 24, 2022 /PRNewswire/ -- Grape Solutions has signed a 60-month framework agreement with the Hungarian National Bank to provide IT services under the EU tender procedure.
  • As the winner of the tender "Support for JavaScript-based systems", Grape Solutions ensures the Hungarian National Bank operation and software development services for Microsoft Windows and Java environment systems, helping the submission, maintenance, administration and execution of JavaScript-based products, data services, from 30 April 2022 (KBF/393/2021).
  • "We are proud that Grape Solutions oversees ensuring smooth operation of the Hungarian National Bank's Javascript systems for five years; it is an outstanding milestone in the life of our company.

SEC Charges U.K.-Based Father and Son, and Two Others in Transatlantic Microcap Fraud Scheme

Retrieved on: 
Thursday, September 23, 2021
Malta Financial Services Authority, Central bank, Financial Industry Regulatory Authority, Hungarian National Bank, Interview, Security (finance), The Royal Canadian Mounted Police in Quebec, Manchester–Boston Regional Airport, Securities and Futures Commission, Freezing, Shupe, U.S. Securities and Exchange Commission, Money, District court, British Columbia Securities Commission, Monetary Authority of Singapore, Malta, SEC, Online gambling, Financial adviser

The SEC also is seeking an order to freeze the assets of seven of the defendants and one relief defendant.

Key Points: 
  • The SEC also is seeking an order to freeze the assets of seven of the defendants and one relief defendant.
  • At the same time, they helped the Pages secretly acquire and then sell millions of the companies' shares.
  • Cattlin and Shupe are charged with aiding and abetting the Pages' violations of the antifraud provisions of the securities laws.
  • Timothy Page's wife, Janan Page, is named as a relief defendant for her alleged receipt of illicit proceeds from the Pages' fraudulent scheme.

ECB and Magyar Nemzeti Bank set up repo line to provide euro liquidity

Retrieved on: 
Friday, July 24, 2020
Financial services, Banking, Economy, European Central Bank, Eurozone, Repurchase agreement, Euro, MNB, Central bank, Hungarian National Bank, Market liquidity, Open market operation

PRESS RELEASE

Key Points: 
  • PRESS RELEASE

    ECB and Magyar Nemzeti Bank set up repo line to provide euro liquidity

    23 July 2020

    The European Central Bank (ECB) and the Magyar Nemzeti Bank (MNB) have agreed to set up a repo line arrangement to provide euro liquidity to Hungarian financial institutions to address possible euro liquidity needs in the presence of market dysfunctions due to the COVID-19 shock.

  • Under a repo line, the ECB provides euro liquidity to a non-euro area central bank in exchange for adequate euro-denominated collateral.
  • Under the repo line, the MNB will be able to borrow up to 4 billion from the ECB.
  • The repo arrangement will remain in place until the end of June 2021, unless an extension is decided.

ECB and Magyar Nemzeti Bank set up repo line to provide euro liquidity

Retrieved on: 
Thursday, July 23, 2020
Financial services, Banking, Economy, European Central Bank, Eurozone, Repurchase agreement, Euro, MNB, Central bank, Hungarian National Bank, Market liquidity, Open market operation

PRESS RELEASE

Key Points: 
  • PRESS RELEASE

    ECB and Magyar Nemzeti Bank set up repo line to provide euro liquidity

    23 July 2020

    The European Central Bank (ECB) and the Magyar Nemzeti Bank (MNB) have agreed to set up a repo line arrangement to provide euro liquidity to Hungarian financial institutions to address possible euro liquidity needs in the presence of market dysfunctions due to the COVID-19 shock.

  • Under a repo line, the ECB provides euro liquidity to a non-euro area central bank in exchange for adequate euro-denominated collateral.
  • Under the repo line, the MNB will be able to borrow up to 4 billion from the ECB.
  • The repo arrangement will remain in place until the end of June 2021, unless an extension is decided.