Conception of the Integrated Supervision in the Financial Market in Poland in the Bill on the Financial Market Supervision

• Authors: Jurkowska-Zeidler A.
• Languages of publication: PL

Abstracts

EN

In the past, financial supervision tended to be organised around specialist agencies for the banking, securities, and insurance sectors. In recent years, several countries have moved toward integrating these different supervisory functions in a single agency. At the end of 2005, at least 56 countries had adopted the so-called model of integrated supervision by either establishing a single supervisor for their entire financial sector or by uniting in one agency the powers to supervise at least two of their main financial sectors (such as banking with insurance, banking with securities or securities with insurance). A new institutional framework for the supervision of banking, capital markets, insurance and pension funds in Poland has been announced in July 2006. The Bill on financial market supervision has established a new integrated supervisor for whole financial market - the Financial Supervisory Commission. Under the current model financial supervision is conducted by three separate collegiate bodies: for banking supervision - the Banking Supervision Commission, chaired by the President of Central Bank; for capital markets supervision - the Securities and Exchange Commission; and for insurance and pension funds supervision - the Insurance and Pension Funds Supervisory Commission. The purpose of this paper is not simply to present the organisation and the range of exercising the supervision in the financial market in Poland but also attempt to weigh up advantages and disadvantages of the model accepted in the Bill on the financial market supervision

Keywords

EN

FINANCIAL MARKET SUPERVISION (POLAND)

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Spółdzielczy Instytut Naukowy G. Bierecki sp.j.
• Journal: Pieniądze i Więź
• Year: 2006
• Volume: 9
• Issue: 2-3(31-32)
• Pages: 133-141
• Document type: ARTICLE

Contributors

author

Jurkowska-Zeidler A.

• A. Jurkowska-Zeidler, Uniwersytet Gdanski, Wydzial Prawa i Administracji, ul. Bazynskiego 6, 80-952 Gdansk, Poland

Identifiers

CEJSH db identifier

08PLAAAA04829186