Template-Type: ReDIF-Article 1.0

Author-Name: Laszlo Seregdi
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: seregdil@mnb.hu
Author-Person:

Author-Name: Nikolett Kovacsne Bota
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: kovacsnebotn@mnb.hu
Author-Person:

Title: Comparison of Capital Adequacy Rules for Credit Institutions and Investment Firms

Abstract: Capital adequacy requirements play a key role in the current prudential regulatory
system for the financial sector, both for credit institutions and investment firms. This
study summarises how the system of requirements has developed, which elements
are similar for credit institutions and investment firms, what the differences are, and
what justifies them. It is also examined whether the capital requirement regulatory
system for investment firms has become more effective, as a result of the special
framework based specifically on the particular risks of investment firms that was
developed for them starting in 2021. Finally, the paper also discusses possible
directions in which capital requirements regulation may further evolve in these
sectors.

Classification-JEL: F38, G21, G24, G28, N24
Keywords: capital adequacy, credit institutions, investment firms, prudential regulation
Pages: 79-99
Volume: 25
Issue: 1
Year: 2026
File-URL: https://hitelintezetiszemle.mnb.hu/sw/static/file/fer-25-1-st4-seregdi-kovacsne-bota.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:25:y:2026:i:1:p:79-99