Adam

ESRB recommends EU-wide reciprocation of Sweden’s 25% risk-weight floor for mortgage loans

On 15 January 2019, the European Systemic Risk Board (ESRB) adopted a Recommendation for the EU-wide reciprocation of Sweden’s 25% floor for average risk weights applied by banks using the internal ratings-based approach to the portfolio of retail exposures to obligors residing in Sweden secured by immovable property. This Recommendation was published in the Official […]

FLOWSERVE OPENS ITS R&D CENTRE IN BUDAPEST

Texas-based Flowserve, an industrial and service-providing corporation is going to establish a new R&D centre in Budapest, following its BSC in Debrecen, building on the skills of Hungarian engineers. Investing over EUR 10 million, the company is going to establish an engineering Center of Excellence which is going to provide for product development, product testing […]

TESCO TO ESTABLISH ITS CENTRAL EUROPEAN BUSINESS SERVICES CENTRE IN HUNGARY

Tesco has chosen Budapest to host its new business services centre (BSC) supporting its operations in the Central European region. The new Center of Excellence unit of the British retail trade company that will fulfill IT technology, financial and HR-related functions is planned to start its operation in April, creating some 800 high value added […]