Júlia Király: Governance, efficiency and integration in retail payments Speech by Ms Júlia Király, Deputy Governor of Magyar Nemzeti Bank (the central bank of Hungary), at the joint Retail Payments Conference of the European Central Bank and the Central Bank of the Republic of Austria, Vienna, 12 May 2011.
I think it's helpful to consider the source of delays in processing applications and consider whether there are opportunities for improvement. This is another area where increased transparency can help. The legal standards we apply have not changed, and yet the review of applications can be affected by incomplete or inaccurate information or information that does not meet the expectations for an approvable transaction.