Template-Type: ReDIF-Article 1.0
Author-Name: Bence Varga
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: vargabe@mnb.hu
Title: The Pénzintézeti Központ was
established 100 years ago
Abstract: On the occasion of the centenary of the Pénzintézeti Központ’s establishment in 1916
as the first integrated supervisory “top-level organisation”, this study endeavours to
outline the historical background and the stages of the formation of the institution,
starting in the second half of the 19th century. The analysis seeks to determine the
factors that led to the emergence of the activities and operating framework of the
Pénzintézeti Központ, the supervisory paradigms that influenced its inception and the
negative experiences or circumstances that can be associated with its activities. The
study presents the operation of the supervisory bodies preceding the Pénzintézeti
Központ as regards banks, savings banks and cooperatives, and aims to show the
contemporary economic conditions and the situation of the financial architecture,
in line with contemporary thinking and on the basis of the relevant opinions of the
experts from that era.B10, G21, N23, N93
Classification-JEL: 
Keywords: bank, cooperative, savings bank, Pénzintézeti Központ, financial
supervision
Journal: Financial and Economic Review  
Pages: 124–144
Volume: 15
Issue: 1
Year: 2016
File-URL: http://english.hitelintezetiszemle.hu/letoltes/6-varga-1.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:15:y:2016:i:1:p:124-144