Hungary's financial sector faces hefty bill for brokerage scandals

April 2, 2015 12:19 PM

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BUDAPEST, April 2 (Reuters) - Hungary's Investor Protection Fund (BEVA) may have to pay compensation of 80 to 100 billion forints ($289.5 to $361.8 million) to investors for damages related to the collapse of three brokerages in the past two months, a central bank deputy governor said on Thursday.

Members of the Fund, which include Hungary's leading bank OTP, would be liable for the compensation.

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