The importance of supervisory transparency and accountability has been stressed by the Basel Committee on Banking Supervision and by the European legislation (actually Directive 2013/36//EU and Regulation (EU) No. 575/2013 – Capital Requirements Directive and Regulation, CRD IV/CRR). The Committee of European Banking Supervisors, predecessor of the European Banking Authority (EBA) therefore developed a supervisory disclosure framework allowing meaningful comparison of the implementation of the capital requirements framework in the Member States. The tables of information in this section were developed by the working group of EBA and are released on the individual homepages of the supervisory authorities of the EU Member States. The EBA website will serve as a centralised electronic repository and will allow for a quick and easy comparison of the relevant information. The websites of the national supervisory authorities will provide the exhaustive and detailed information required by the Directive 2013/36//EU and the Commission Implementing Regulation (EU) No 650/2014 (lastly
modified by Commission Implementing Regulation (EU) 2024/796) laying down implementing technical standards with regard the format, structure, contents list and annual publication date of the information to be disclosed by competent authorities in accordance with CRD IV.
In this section MNB will publish and provide access to information regarding the texts of laws, regulations, administrative rules and guidance adopted in the field of prudential regulation and supervision in Hungary. The supervisory disclosure requirements cover options and national discretions, general criteria and methodologies used nationally in the Supervisory Review and Evaluation Process (SREP).
The content of the pages in this section has been divided into four sections:
Rules and Guidance
This section provides information on legal and regulatory texts, including laws and regulations adopted in Hungary in the field of prudential regulation including the implementation of the provisions of the CRD IV/CRR. These texts outline the primary supervisory requirements for supervised credit institutions and investment firms.
Options and National Discretions
The CRD IV/CRR contains a large number of options and national discretions which may be applied on the basis of national circumstances. This section is intended to make it easy for end-users to make a brief overview of how these options and national discretions are being exercised in Hungary.
Supervisory Review
This section includes information on general criteria and methodologies used by MNB in the Supervisory Review and Evaluation Process (SREP), on the minimum requirements for institutions' internal Capital Adequacy Assessment Process (ICAAP) and information on MNB policy on application of supervisory actions and measures.
Statistical Data
This section includes aggregated statistical data on key aspects of the implementation of the prudential framework in Hungary. This section includes statistical data on the banking and investment firm sector, credit risk, operational risk, market risk and supervisory actions and measures applied in Hungary.