Republic of Poland : Financial System Stability Assessment

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

February 6, 2019

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Financial System Stability Assessment discusses the findings of the IMF mission regarding the assessment of 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 exposure 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.

Series:

Country Report No. 19/39

Subject:

English

Publication Date:

February 6, 2019

ISBN/ISSN:

9781484397589/1934-7685

Stock No:

1POLEA2019003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

90

Please address any questions about this title to publications@imf.org