Hungarian Yearbook of International Law and European Law

Article

Banking Union: Why Opting Out Is a Viable Alternative

Authors Péter Fáykiss, Dániel Papp en Anikó Szombati
Author's information

365062 Péter Fáykiss
Péter Fáykiss is the Head of the Macro-prudential policy department at the Magyar Nemzeti Bank (MNB), the central bank of Hungary. He graduated at Corvinus University of Budapest in 2009. After graduation, he joined MNB, where he worked as analyst at the Financial Stability Department. Between 2013 and 2014 he worked as Deputy Head of Financial Services Department at the Ministry for National Economy, and was responsible inter alia for the implementation of CRD IV in Hungary.

365065 Dániel Papp
Dr. Daniel Papp is member of the Macro-prudential policy department at the Magyar Nemzeti Bank as a legal advisor. He graduated at ELTE law school in 2012. After having supervisory experience at the former Hungarian Financial Supervisory Authority, he was enrolled at LUND University for a postgraduate law course, called European Business Law (LL.M.). He made extensive research on the forming European supervisory framework, since his master thesis was about the Single Supervisory Mechanism and the Assessment of Hungary’s Possible Approach.

365068 Anikó Szombati
Anikó Szombati leads the Macroprudential Directorate of Magyar Nemzeti Bank, the central bank of Hungary. This Directorate is responsible for the fulfillment of tasks originating from the Central Bank Act recognizing MNB as the macro-prudential authority of Hungary. The macro-prudential authority’s major task is to identify and mitigate system-wide risks in the financial intermediary system. The Directorate also contributes to the formulation of central bank opinion in major structural issues related to the financial sector developed either at EU or at the country level.

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