Bankowy Fundusz Gwarancyjny i Ubezpieczeniowy Fundusz Gwarancyjny jako ogniwa sieci bezpieczeństwa finansowego

• Authors: Czechowska, Iwona D

Title variants

PL

Bank Guarantee Fund and Insurance Guarantee Fund Cells as a Financial Safety Net

Abstracts

EN

The aim of this paper is to characterize two institutions belonging to the financial safety net, which serves as stabilizer to the financial system: to the Bank Guarantee Fund and to the Insurance Guarantee Fund. The elaboration consists of three parts. In the first one there is the financial safety net defined, the next part presents essence of actions of the Bank Guarantee Fund and the last part shows the Insurance Guarantee Fund. There are both similarities and differences among these funds, related to the scope of subject and object as well as the characteristics of action. Analysis of the functioning UFG and BFG shows that their diversed activities are needed to strengthen the protection of customers of both banking and insurance sector, particularly during the crisis in the economy. Organizational and financial effort bore in order to create mechanisms (such as guarantee funds) protecting clients potentially produces benefits. However, you must be aware that past actions are insufficient and there is still a need for further development.

Keywords

EN

Bank Guarantee Found; Insurance Guarantee Found; safety net

• Publisher: Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
• Journal: Acta Universitatis Lodziensis. Folia Oeconomica
• Year: 2012
• Volume: 274

Dates

published

2012

Contributors

author

Czechowska, Iwona D

other

Uniwersytet Łódzki; Wydział Ekonomiczno-Socjologiczny; Instytut Finansów

Identifiers

URI

http://hdl.handle.net/11089/2089