Prudential challenges in financial infrastructure development in Hungary

Kovacs, L.

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Title	Prudential challenges in financial infrastructure development in Hungary
Other Titles	Важливі проблеми в розвитку фінансової інфраструктури в Угорщині
Authors	Kovacs, L.
ORCID
Keywords	financial infrastructure фінансова інфраструктура challenges зміни finansial market фінансовий ринок
Type	Conference Papers
Date of Issue	2012
URI	http://essuir.sumdu.edu.ua/handle/123456789/59013
Publisher	Українська академія банківської справи Національного банку України
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Citation	Kovács, L. Prudential challenges in financial infrastructure development in Hungary [Текст] / L. Kovács // Міжнародна банківська конкуренція: теорія і практика : матеріали VII Міжнародної науково-практичної конференції (24-25 травня 2012 року). – Суми: УАБС НБУ, 2012. - С. 10-13.
Abstract	Financial infrastructure development needs are determined by infor-mation technology development and changes in financial and business needs. Accordingly, a need for completely new systems and regulatory frameworks emerges every ten to fifteen years. The payments and settlements framework is provided by BIS recommendations, including the relevant CPSS publications and the Principles for Financial Market Infrastructures report published in 2011. Efficiency is the ultimate driving force for development and this holds true for the project for intraday settlements in Hungary. The most tangible change in this respect is standardisation, now a basic requirement both nationally and internationally. Adoption of the BIS recommendations will result in efficiency improvement in payment services also in countries outside the eurozone, thereby promoting economic development and international relations.
Appears in Collections:	Наукові видання (ННІ БТ)