In addition to the COVID-19 pandemic, last year has been characterized by a green turnaround that involved the financial sector as well. Sustainability factors are increasingly integrated into the regulatory expectations on credit institutions and investment service providing firms, as well as new opportunities provided by capital requirement reductions. In addition to a number of green capital requirement reductions, the Hungarian National Bank (MNB) recently issued a management circular on the adequacy of the Sustainable Financial Disclosure Regulation (SFDR) applicable from March 10. In our newsletter, we cover these two topics.
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