CEU Electronic Theses and Dissertations, 2019
| Author | Kelemen, Balázs |
|---|---|
| Title | Capstone Project: Settlement Act Advisory 2015 at Deloitte |
| Summary | In the summer of 2014, the Curia (Supreme Court of Hungary) ruled on the fairness of unilateral interest rate and fee raise and loan FX spread regarding retail lending. Following the ruling, law-makers began publishing acts and regulations, collectively called “Settlement Acts”, related to the settlement of interest and fees “unfairly” charged to the client. By the end of 2015 all banks and credit institutions completed the customer reimbursements and the FX conversion, which altogether resulted in a total loss of 1 trillion HUF (~3 bn EUR) for the industry. Deloitte was appointed as external consultants to facilitate and advise on the implementation of the settlement and FX conversion by market leading banks, leasing companies and credit management firms. |
| Supervisor | Péter Szilágyi |
| Department | Economics MSc |
| Full text | https://www.etd.ceu.edu/2019/kelemen_balazs.pdf |
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