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Bezpieczny Bank
|
2020
|
vol. 79
|
issue 2
81-103
PL
Bankowy Fundusz Gwarancyjny (BFG) stanowi podstawowy element polskiej sieci bezpieczeństwa finansowego. W ostatnich latach kształt jego działalności podlegał znacznym modyfikacjom. Zasadne staje się pytanie o kompletność nowego modelu działalności BFG. Celem artykułu jest zidentyfikowanie zadań, o które mogłaby zostać rozwinięta działalność BFG. Dokonano identyfikacji zadań Funduszu, a następnie porównano je z wynikami analizy funkcjonowania 109 systemów gwarantowania depozytów na świecie. Na bazie doświadczeń międzynarodowych wskazać można kilka obszarów, na których działalność BFG może zostać udoskonalona. Obejmują one m.in. wprowadzenie możliwości udzielania pomocy finansowej dla banków, których sytuacja pogorszyła się, zwiększenie poziomu dywersyfikacji inwestycji dokonywanych przez Fundusz lub wzmocnienie działalności informacyjno-edukacyjnej BFG przez obecność w mediach społecznościowych.
EN
The Bank Guarantee Fund (BGF) is a basic element of the Polish financial safety net. In recent years, the shape of its activity has undergone significant modifications. Therefore, questioning the completeness of the new BGF business model becomes justified. The purpose of the article is to identify fields in which the BGF’s activities could be developed. The Fund’s tasks were identified and then compared with the results of an analysis of 109 deposit guarantee systems around the world. Based on the international experience, several areas can be identified where the BGF’s operations can be improved. They include introducing the possibility of providing financial assistance to banks whose situation has worsened, increasing the level of diversification of investments made by the Fund, and strengthening the BGF’s information and education activities through a presence in social media.
EN
The subject of this article is an analysis of the functioning models of the claimability of the resolutions of the bodies of companies in terms of the connection of these models with the legal nature of these resolutions. In the case of resolutions of shareholders meetings of companies, the provisions of the Code of Commercial Companies and Partnerships provide for a judicial review of each resolution adopted by that body. A different situation occurs in the case of resolutions of supervisory boards of companies, for which no procedure for pursuing legal actions against them is provided for in the CCC&P. The doctrine and the case law assume that, as a consequence of the application of the principle of unity of civil law, these resolutions can be challenged in court, as can invalid legal transactions. In this case, therefore, the legal nature of the resolution, and thus the determination that it is a legal transaction is crucial for the possibility of its challenging in court.
EN
Post-crisis bank regulations recognised the need for a creation of a formalized resolution framework which would allow for an efficient resolution of troubled banks, with no or limited use of public funds. However, the resolution schemes are based on complex procedures, which aim at balancing the interests of different stakeholders. The purpose of this paper is to identify and assess the key elements of the resolution framework under the Single Resolution Mechanism (SRM) and the Bank Recovery and Resolution Directive (BRRD), concentrating on the bail-in tool. In particular, the paper attempts to demonstrate that there are some serious economic and social problems, when the resolution procedures are applied to local and regional banks, such as the cooperative sector, illustrating it with the bank resolution experience in Italy.
EN
The subject matter of the article concerns the standardisation of the legal concepts of “Domicile” and of “Residence” in the Resolution (72) 1 adopted by the Committee of Ministers of the Council of Europe on 18 January 1972. The first part of the article presents the nature and the content of the resolution and its annex containing “rules” concerning both concepts. The resolution is not a legally binding instrument and its goal is to influence interpretation of the key legal concepts of “domicile” and of “residence”. The resolution has indented to provide for a unification of these concepts. The next part of the article includes remarks regarding the impact of the resolution on the national legislators and doctrine. The emphasis is put on the role of the concept of “domicile” and “residence” as connecting factors in private international law. The effect of the resolution is discussed in the light of the tendencies of the time, especially standpoint of the Hague Conference on private international law on the use the concept of domicile and the meaning of the term habitual residence.
PL
Samo przyznanie inicjatywy uchwałodawczej grupie mieszkańców w niczym nie ogranicza uprawnień samych radnych czy rady, bowiem przedłożenie takiego projektu uchwały skutkować będzie nie obowiązkiem jej przyjęcia, lecz rozpoznania jak każdej inicjatywy. Zatem w tym zakresie nie dochodzi do żadnego pozbawienia czy ograniczenia kompetencji samego organu stanowiącego – rady gminy. Ponadto przyznanie inicjatywy uchwałodawczej również grupie osób posiadających czynne prawo wyborcze nie narusza w sposób istotny prawa, gdyż zawarta kompetencja dla inicjatywy obywatelskiej pozostaje „w granicach prawa” wynikającego z art. 169 ust. 4 Konstytucji RP, rozumianego jako generalne uprawnienie do kształtowania treści statutu.
EN
It must be stated that the voted verdict of the Provincial Administrative Court in Olsztyn is correct; according to the verdict, granting resolution-making initiative to a group of persons who enjoy active electoral rights does not violate the law because the civic resolution-making initiative is within the “limits of law” arising from Art. 169 (4) of the Constitution of the Republic of Poland as a general right to shape the content of a statute. The very granting of resolution-making initiative to a group of residents does not limit in any way the rights of councilors or the council because submission of a draft resolution does not result in the requirement to adopt it but only the requirement to examine it – as in the case of any other initiative. Consequently, there is no deprivation or limitation of the competence of the decisionmaking body – the commune council. Moreover, I believe that questioning the provisions of a statute only on the basis of the claim that they do not have a faithful and detailed origin in an act is an error in the legal art because it is wrong to claim that a commune does not have a detailed basis separately for each provision of its statute while overlooking the general basis of all provisions of statutes contained in the relevant regulations: Art. 164 (4) of the Constitution of the Republic of Poland and Art. 3 (1), Art. 18 (2) (1), Art. 21 (1), and Art. 22 (1) of the Act on commune-level local government. A commune statute can regulate all matters related to the system of government in the commune that are not expressly regulated in the act, as long as it is not contradictory to the provisions of the act. What is more, I believe that not only a group of residents have the right to resolution- making initiative granted in the statute, but also that such a right can be granted to, e.g. a general meeting of an association or a resolution-making body of a political party that has a local unit in the territory of a specific unit of local government.
PL
Mimo że tematyka ryzyka podejmowanego przez banki jest szeroko opisywana w literaturze przedmiotu, to jednak zagrożenia napotykane w działalności instytucji sieci bezpieczeństwa finansowego są znacznie rzadziej analizowane. Dobrą okazją do ich bliższego rozpoznania jest pierwsze w historii wdrożenie procedury resolution przez Jednolitą Radę ds. Resolution (organ resolution unii bankowej), zgodnie z wprowadzonymi po kryzysie finansowych 2007+ przepisami. Analiza pozwów wytoczonych w związku z przymusową sprzedażą Banco Popular Español (BPE) do banku Santander jest bowiem cenną lekcją potencjalnych rodzajów ryzyka prawnego, z którym musi się zmierzyć organ resolution. W tym celu dokonano analizy pojęcia ryzyka prawnego, przedstawiono ramy prowadzenia działań antykryzysowych w nowych uwarunkowaniach prawnych oraz przebieg kryzysu w banku BPE. Następnie przeanalizowano konsekwencje resolution BPE przez pryzmat pozwów przeciw przeprowadzonym działaniom.
EN
Although the subject of bank risks is widely described in the banking literature, the dangers encountered in the operations of safety net institutions are less frequently analyzed. A good opportunity for their deeper study is the first implementation of the resolution procedure by the Single Resolution Board (banking union resolution authority) in line with the provisions introduced to the EU legal framework after the financial crisis 2007+. The analysis of the lawsuits connected with the forced sale of the Banco Popular Español to Santander (BPE) offers a valuable lesson on potential legal risks that must be addressed by the resolution authority. For this purpose, the concept of legal risk, the framework for conducting anti-crisis measures in the new legal environment and the course of the BPE crisis have been analyzed. Then, the consequences of BPE’s resolution have been investigated.
EN
The paper focuses on resolutions adopted by the management board and the supervisory board of a joint-stock company to increase the share capital of a public limited company within its authorised capital. The author outlines the origin and nature of the authorised capital, the content and form of the abovementioned resolutions, their legal nature and different types of possible defects in them. Challenging defective resolutions is particularly important in practice. That matter is not regulated explicitly in Polish law. The possible solutions available under Italian and Spanish regulations that are presented indicate that the challenging of defective resolutions of the management board and the supervisory board in capital commercial companies, particularly those adopted in connection with authorised capital, should also be regulated in Poland.
PL
The paper focuses on resolutions adopted by the management board and the supervisory board of a joint-stock company to increase the share capital of a public limited company within its authorised capital. The author outlines the origin and nature of the authorised capital, the content and form of the abovementioned resolutions, their legal nature and different types of possible defects in them. Challenging defective resolutions is particularly important in practice. That matter is not regulated explicitly in Polish law. The possible solutions available under Italian and Spanish regulations that are presented indicate that the challenging of defective resolutions of the management board and the supervisory board in capital commercial companies, particularly those adopted in connection with authorised capital, should also be regulated in Poland.
PL
The study concerns the legal and procedural nature of resolutions adopted by the councils of units running doctoral conducts and habilitation proceedings. Different types of resolutions were analyzed and their features and typology were assessed.
EN
The aim of this study is to analyse the operation of a new institution in the form of a complaint by the electoral representative against the resolutions of the National Electoral Commission in the form of guidelines and explanations, as well as to assess the legitimacy of the implementation of this institution into the Polish electoral law. On the one hand, there is no doubt that this solution contributes to the implementation of a long-reported postulate for the decisions of the election administration to be brought under judicial control, and also influences the extension of the catalogue of instruments for social control of the election process. On the other hand, however, it is impossible to analyse a venture of this institution with complete disregard for other conditions of the election process. The analysis is intended to provide an answer to the question of whether the complaint against the resolutions of the National Electoral Commission, as referred to in Article 162a of the Polish Election Code, in its current form is a desirable component of the Polish electoral law, or is it rather an institution limiting the efficiency of the election process. In the study, the construction of Article 161a of the Election Code was examined using a formal and legal method, and the consequences of the application of the new solution in election practice were analysed using an empirical method and the achievements of the doctrine of constitutional law.
EN
The author reviews the EU financial supervisory and regulatory architecture which was introduced in 2010 as a response to the global financial crisis. The aim of this paper is to discuss the gaps identified in the financial safety net, as well as the decisions made by policymakers to strengthen financial regulation and supervision. Special attention is given to the financial stability mandate, micro- and macroprudential supervision, and resolution mechanism. The changes implemented are expected to reduce the severity of any future financial crisis.
EN
The paper focuses on resolutions adopted by the management board and the supervisory board of a joint-stock company to increase the share capital of a public limited company within its authorised capital. The author outlines the origin and nature of the authorised capital, the content and form of the abovementioned resolutions, their legal nature and different types of possible defects in them. Challenging defective resolutions is particularly important in practice. That matter is not regulated explicitly in Polish law. The possible solutions available under Italian and Spanish regulations that are presented indicate that the challenging of defective resolutions of the management board and the supervisory board in capital commercial companies, particularly those adopted in connection with authorised capital, should also be regulated in Poland.
EN
The paper focuses on resolutions adopted by the management board and the supervisory board of a joint-stock company to increase the share capital of a public limited company within its authorised capital. The author outlines the origin and nature of the authorised capital, the content and form of the abovementioned resolutions, their legal nature and different types of possible defects in them. Challenging defective resolutions is particularly important in practice. That matter is not regulated explicitly in Polish law. The possible solutions available under Italian and Spanish regulations that are presented indicate that the challenging of defective resolutions of the management board and the supervisory board in capital commercial companies, particularly those adopted in connection with authorised capital, should also be regulated in Poland.
EN
The article consists of the analysis of the party’s rights in the resolution procedure. This regulation, which was designed in the form of administrative proceedings, is dedicated to improve restructuring or liquidation of the compromised entities. Its aim is not only to possibly maximise the balance of the entity’s assets, but also to involve public budget to a very minor extent. The cost of procedure should be born by the entities‘ shareholders and creditors. Resolution is treated as an ultimate measure and it should be introduced only when the other possible instruments will not be able to protect financial system against the crisis. In the framework of Polish regulation the parties‘ rights were significantly restricted. The Act’s provisions exclude the principle of active parties‘ participation and the possiblity to appeal against the decision. They also restrict the possibility of receiving compensation for incorrect decision and shorten deadlines to introduce proceedings against the decision before administrative court. The aim of the article is to analyse those restrictions in the light of resolution’s goals and hypothetical incompatibility to Constitution of Poland.
PL
Artykuł stanowi analizę praw strony postępowania w sprawie przymusowej restrukturyzacji (resolution). Regulacja ta, ukształtowana w formie postępowania administracyjnego, służy usprawnieniu restrukturyzacji lub likwidacji podmiotów zagrożonych upadłością w taki sposób, by w miarę możliwości zmaksymalizować bilans aktywów zagrożonego podmiotu, ale i by w jak najmniejszy sposób zaangażować środki publiczne, a kosztami procedury obciążyć raczej akcjonariuszy i wierzycieli podmiotu. Mechanizm ten jest traktowany jako środek ostateczny, gdy wszelkie inne środki nie będą w stanie uchronić sektora przed ryzykiem kryzysu. W ramach polskiej regulacji znacząco ograniczone zostały prawa strony postępowania administracyjnego. Przepisy wyłączają stosowanie zasady czynnego udziału stron w postępowaniu, możliwość wniesienia odwołania od decyzji oraz ograniczają możliwość otrzymania odszkodowania za nieprawidłową decyzję, jak też skracają terminy do zaskarżenia decyzji do sądu administracyjnego. Artykuł analizuje te restrykcje w kontekście celów resolution i zestawia je z możliwą niezgodnością przepisów z Konstytucją RP.
14
71%
XX
Following the default of Lehman Brothers, governments around the world had to mobilise enormous rescue packages to cope with widespread financial panic. In these efforts a fundamental flaw in the international financial architecture became apparent, namely the inability of national supervisors to orchestrate orderly bank resolutions across borders. Since then, the international regulatory community has made efforts in devising the best approach to resolving large and cross-border banking groups. This article presents reflections on the recent regulatory initiatives in the field of loss-absorbing capital buffers and temporary funding needed to support the orderly resolution of a global systemically important bank (“G-SIB”).
15
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Funding of Banks in Resolution

71%
Bezpieczny Bank
|
2018
|
vol. 71
|
issue 2
126-136
EN
The article presents the outcome of the research executed by the author, which formed the position of the European Financial Congress (EFC) in relation to the Financial Stability Board’s consultative document on Funding Strategy Elements of an Implementable Resolution Plan. The position, was based on the opinions of stakeholders of Polish financial market, represented by banks, regulatory bodies, law firms and the academia. The consultative document set out proposed guidance on the development of a plan for funding banks in resolution. The research revealed a wide array of challenges in the development of firm capabilities to facilitate the execution of the funding strategy in resolution. Additional issues were raised regarding relevant aspects for estimating liquidity needs in resolution process. There were indicated numerous obstacles to the mobilisation of assets that could be used as collateral for particularly private sector backstop sources of funding. All those blocking points could be removed by public sector support funding, subject to certain conditions. Moreover, there are a number of actions that could be taken by G-SIBs and authorities to support the development and implementation of resolution funding and there are also some other aspects of funding strategy which shall be also considered.
EN
The article provides an overview of the supranational bank resolution regime established under the Single Resolution Mechanism framework. Both the substantive rules governing the resolution process and its procedural requirements are explained. The main focus of the article is the decision-making practice of the Single Resolution Board (SRB), an EU agency responsible forthe execution of the resolution framework, which has already intervened in a number of cases in which banks were considered “failing or likely to fail” by the European Central Bank. Thearticle analyses the existing decisions on resolution action in order to establish how the substantive rules on resolution are interpreted by the SRB in its decision-making practice.
EN
The article deals with the research of cooperation and political dialogue between the European Parliament and the Verkhovna Rada of Ukraine. Parliamentary dialogue holds one of the key places in the system of foreign policy. The paper determines that cooperation with the European Parliament will contribute to enhancement of the institutional capacity of the Verkhovna Rada, quality of the legislative process and legislation, of Ukrainian parliamentarism, extension of communication, and facilitate interaction with the public. Regarding the latest news, it appears that cooperation with the legislative body of the European Union has strengthened and moved to a new format of intercommunication.
PL
Przedmiotem artykułu jest analiza funkcjonujących modeli zaskarżalności uchwał organów spółek kapitałowych pod kątem powiązania tych modeli z charakterem prawnym tych uchwał. Przepisy kodeksu spółek handlowych przewidują sądowy tryb kontroli każdej uchwały zgromadzeń wspólników spółek kapitałowych. Odmienna sytuacja występuje w przypadku uchwał rad nadzorczych spółek kapitałowych, dla których nie przewidziano w regulacji k.s.h. trybu ich zaskarżania. W doktrynie oraz orzecznictwie przyjęto, że w konsekwencji zastosowania zasady jedności prawa cywilnego uchwały te mogą być kwestionowane na drodze sądowej tak jak nieważne czynności prawne. Charakter prawny uchwały, czyli ustalenie, że jest ona czynnością prawną, ma więc decydujące znaczenie dla możliwości jej zaskarżenia.
EN
The subject of this article is an analysis of the functioning models of the claimability of the resolutions of the bodies of companies in terms of the connection of these models with the legal nature of these resolutions. In the case of resolutions of shareholders meetings of companies, the provisions of the Code of Commercial Companies and Partnerships provide for a judicial review of each resolution adopted by that body. A different situation occurs in the case of resolutions of supervisory boards of companies, for which no procedure for pursuing legal actions against them is provided for in the CCC&P. The doctrine and the case law assume that, as a consequence of the application of the principle of unity of civil law, these resolutions can be challenged in court, as can invalid legal transactions. In this case, therefore, the legal nature of the resolution, and thus the determination that it is a legal transaction is crucial for the possibility of its challenging in court.
EN
In the second half of the 20th century the issue of rights and opportunities for women became actively discussed in the international politics; however, the peace and security sector did not immediately become gender-sensitive. On 31 October 2000 the UN Security Council adopted the resolution on Women and Peace and Security (S/RES/1325). The resolution reaffirms the important role of women in prevention and resolution of conflicts, peace negotiations, peace-building, peacekeeping and humanitarian response as well as in post-conflict reconstruction. It also highlights the importance of women’s equal participation and full involvement in maintenance and promotion of peace and security. UNSC Resolution 1325 urges all members to increase the participation of women and incorporate gender perspectives in UN peace and security efforts.The article discusses the essential role of gender perspective in women’s empowerment strategies adopted in Ukraine that focus on preventing and counteracting armed conflicts, national security, and peace-building. As a UN member state, Ukraine had to adopt Resolution 1325 along with other resolutions of the UN Security Council that are included in Women, Peace and Security agenda. In 2016 the Ukrainian government approved the National Action Plan on Implementation of the UN Security Council Resolution 1325. What seems peculiar is that Ukraine adopted this document during an active military conflict.The article examines the institutional aspects of implementation of the first National Action Plan on Women, Peace and Security until the adoption of the second National Action Plan on 28 October 2020. In particular, the author analyses the implementation of UNSC Resolution 1325 in Ukraine at the megalevel (international institutions) and the macrolevel (national approval institutions of equal rights and opportunities).
PL
Przedmiotem artykułu jest analiza charakteru prawnego uchwał zgromadzeń spółek kapitałowych. W odniesieniu do powszechnie aprobowanej w doktrynie teorii czynności prawnej, omówione zostają takie zagadnienia jak: element oświadczenia woli w uchwałach, podmiot podejmujący uchwałę oraz charakter skutków, jakie wywołuje uchwała. W oparciu o tak zarysowane zagadnienia, przedstawione zostają zarówno poglądy opowiadające się za, jak i przeciw uznaniu uchwał zgromadzeń spółek kapitałowych za czynności prawne. Konkluzją rozważań jest przyjęcie, że uchwały te stanowią czynności prawne, o ile zmierzają one do wywołania skutków prawnych. Przy czym uznać należy je za czynności prawne charakterystyczne, do których przepisy Kodeksu cywilnego powinny znajdować zastosowanie jedynie odpowiednio.
EN
The subject matter of this article is the analysis of the legal nature of the resolutions of general meetings of capital companies. With regard to the theory of legal action commonly acceptable in doctrine, the following issues are discussed: declaration of intent in the resolutions, entity adopting a resolution and the nature of effects caused by a resolution. Based on such a description the author presents both the standpoints for and against the recognition of the resolutions of general meetings of capital companies as legal actions. As a conclusion a statement is made that the resolutions constitute legal actions as far as they are intended to have legal consequences. However, they should be deemed specific legal actions to which the provisions of the Civil Code shall apply accordingly only.
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