Opportunities in the Hungarian Financial Services Sector as Part of the Single European Market (original) (raw)

2006, Transition Studies Review

As Hungary became a member of the European Union, much of the legislatory environment for providing financial services has changed, although most of the integration, at least on the legislatory level, was already carried out before the accession. In my study I try to look at the developments this new status quo has brought about, even if we are quite sure that the adoption of the common currency will cause bigger steps forward in the integration process. I also have a look at another factor influencing the financial services almost as much as the European integration, namely, the development of e-finance. Finally, I make an attempt to draw a picture of the Hungarian financial services sector a few years from now.