National Bank Of Hungary Opens Office In New York

  • 22 May 2018 11:26 AM
  • Hungary Matters
National Bank Of Hungary Opens Office In New York
The National Bank of Hungary (NBH) opened its new offices in New York. NBH deputy head Márton Nagy opened the event, following a welcome from Ferenc Kumin, the consul general of Hungary.

The programme included presentations by Senior Vice President of the Federal Reserve Bank of New York B. Gerard Dages, NBH Chief Economist Dániel Palotai, and Goldman Sachs Director Kevin Daly.

The office will focus on liaising with the Federal Reserve Bank of New York, US financial regulatory authorities, and economic and financial organisations based in New York and the surrounding area, the NBH said.

The NBH also intends to broaden academic and research partnerships with high ranked American universities to facilitate researcher exchange programmes and specialised training opportunities to support the professional work of its staff, the central bank added. The office has a staff of three at present.

Almost 20 central banks have representative offices in New York with a combined staff of about 100.

This community of central banks has recently formed a platform for cooperation led by the Federal Reserve Bank of New York to share knowledge on relevant issues through conferences and round table talks. The NBH said it plans to play an active role in this community.

The NBH has opened offices in Hamburg, Paris and Rome in recent years.

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