We have prepared studies on liquidity management changes, costs etc. but the Hungarian banking community was reluctant to launch the intraday clearing project during the most of a 5-year period devoted to the preparation of the project. Banks were quite happy with t+1 clearing, as they could enjoy a one- (business) day float. They raised doubts about the effective demand of customers.
We identify the themes to pursue in a number of ways, including consumer queries, complaints, issues arising from previous inspections, market intelligence and annual sectoral risk assessments, as well as advice from the Consumer Advisory Group on our consumer protection strategy and policy initiatives.16 Themed inspections are conducted by survey or by a combination of survey and on-site inspections.