Monday, October 3, 2016

NBP has to assume the supervision over the banks. KNF to eliminate? – Money.pl

Media reported about work of deputies of Law and Justice on the transfer of control over the banks with the Commission of Financial Supervision National Bank of Poland. The press-Secretary of the KNF does not want to comment on this information, explaining that the decision is purely political. One version of the “Manneken Pis” should be the elimination of this organization.

Update 11:40

- Chairman of the PiS gave the green light to the entire Financial Supervisory Commission came to the NBP,” says an anonymous source “Puls Biznesu”. Technical details should be recorded. There are two possibilities: either the KNF will be included in the structure of the NBP, or control of the Commission goes to the President of the NBP, and not – as is still the Prime Minister. Final concept should be known within a few weeks.

the review we asked the press Secretary of the KNF. Luke Dajnowicz avoids answering questions about that NBP has the appropriate powers to take full control over the financial market and politicians are in talks with the Commission about possible changes.

” Such decisions are political in nature – emphasizes Dajnowicz in conversation with money.pl. Notes the need for very careful making these changes, if indeed enter into life. – Changing the organizational need to pay attention to during the transition period did not weaken the function of supervision over financial institutions, says.

the Media speculate on this topic are coming from at least a few months. We will remind that the Chairman of the national BANK Adam Glapiński, who was the head of the Central Bank in July, believes that if the NBP should take care to preserve financial stability, it needs to have a greater impact on commercial banks.- From my point of view, if the liability of the BANK must be complete, the Bank needs to know more about that in the banking system occurs. At the moment, so that the withdrawal of banking supervision from the Central Bank and make it a separate fee for control created a situation that data are collected in the KNF, and the money collected in the NBP. KNF decides, and we paid, ” said Glapiński in may.

In June, he announced that he was going to talk about a possible transfer of banking supervision in RUSSIA “miss Prime Minister and other responsible persons.” – Everything points to the fact that in 2-3 years it is not the level of interest rates will attract attention, but restrukturyzacje banks and stability of banking sector, financial he added.

the Transfer of control of the KNF for the Central Bank to consider former Finance Minister, Paul Szałamacha. The idea is to educate the Deputy Prime Minister Matthew Morawiecki, responsible for the economic policies of the ruling party.

In the context of the transfer of all powers to the KNF NBP there are many doubts. First of all, such that the Central Bank will successfully oversaw all financial institutions in the country, and whether it wants to be. The Commission has under its wings not only banks but also, in particular, stock exchanges, investment companies or insurers. While we were not able to comment on this question from representatives of the NBP.

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