Republic of Poland: Financial System Stability Assessment

February 6, 2019

Preview Citation

Format: Chicago

Republic of Poland: Financial System Stability Assessment, (USA: International Monetary Fund, 2019) accessed November 21, 2024

Summary

This Financial System Stability Assessment discusses the findings of the IMF mission regarding assessing stability and performance of Polish financial systems. The banking system in the aggregate shows resilience to adverse shocks, although some medium-sized banks appear weak. For the financial system, sovereign-financial institution linkages have increased, while exposures to foreign-exchange mortgages have declined. Important shortcomings have been identified in prudential oversight reflecting budgetary constraints and a governance framework that compromises operational independence. Arrangements for crisis management are generally sound, although measures are required to strengthen the independence of the Bank Guarantee Fund and powers of the Polish Financial Supervision Authority. The Polish authorities have welcomed the IMF’s and World Bank’s comprehensive review of the supervisory and regulatory framework in Poland and provided feedback for every recommendation made in the report.

Subject: Banking, Capital adequacy requirements, Commercial banks, Cooperative banks, Credit bureaus, Financial institutions, Financial markets, Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability

Keywords: Capital adequacy requirements, Capital ratio, Commercial banks, Cooperative banks, CR, Credit bureaus, Credit risk, Eastern Europe, Europe, Financial institution, Financial sector stability, Global, Increase PFSA independence, Interest rate, ISCR, PFSA board, PFSA governance, PFSA supervision

Publication Details

Pages:

90
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/039
Stock No:

1POLEA2019003
ISBN:

9781484397589
ISSN:

1934-7685

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