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Hungary's service awaits take-off

Budapest lending liquidity depends on regulation changes

Hungary's Central Depository and Clearing House (Keler) is now waiting for foreign exchange-related changes to regulation before its new securities lending service can take off.

Gergely Horvath, chief executive officer of Keler, said that the Hungarian Financial Supervisory Authority (PSZAF) has approved amendments to Keler's business regulations - the original reason why this service has not already taken off.

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