Consequences of the restructuring of loans in Swiss francs in Poland in the light of consumer protection

• Authors: PARTYKOWSKI Michał
• Conference: Judicial review of the decision of the President of the Office of Competition and Consumer Protection
• Languages of publication: EN

Abstracts

EN

The subject of the paper is to discuss the consequences of the changes in the legislation on mortgage loans in Swiss francs, proposed by the Polish Sejm in August 2015, to the situation in the banking sector and the economy. The topic is important because of the potential impact of such changes on Polish banking industry, and indirectly lower GDP growth rate.

Keywords

EN

consumer protection; mortgage loan in Swiss francs; banking law in Poland; changes in the law

• Publisher: Uniwersytet WSB Merito we Wrocławiu
• Journal: Central and Eastern European Journal of Management and Economics (CEEJME)
• Year: 2017
• Issue: No. 2
• Pages: 187-197

Dates

online

2017-06-30

Contributors

author

PARTYKOWSKI Michał

• Wrocław University of Economics

References

• KNF (2015), Komisja Nadzoru Finansowego: dane miesięczne (Polish Financial Supervision Authority: monthly data), https://www.knf.gov.pl/opracowania/sektor_bankowy/dane_o_rynku/Dane_miesieczne.html [31.07.2015].
• Kotowicz A., KNF (2013), Ocena wpływu na sytuację sektora bankowego i polskiej gospodarki propozycji przewalutowania kredytów mieszkaniowych udzielonych w CHF na PLN według kursu z dnia udzielenia kredytu (The
• assessment of the impact of the proposals concerning conversion of housing loans in CHF to PLN at the exchange rate of the date of loan on the situation of the banking sector and the Polish economy), https://www.knf.gov.pl/Images/PRZEWALUTOWANIE_tcm75-35881.pdf [9.04.2016].
• Sobolewski P. (2016), Choć gospodarka sprzyja, akcje banków nadal będą pod presją (Banks: Although the economy is fine, bank shares will still be under pressure), “Parkiet”, http://www.parkiet.com/artykul/1433455.html [9.04.2016].
• TVN24.pl (2016), Frank podskoczył, a szef KNF nadal przekonuje do swojej propozycji przewalutowania kredytów (Franc appreciated and the head of KNF continues to push forward his proposal for loan currency conversion), http://tvn24bis.pl/z-kraju,74/knf-przewalutowanie-kredytow-frankowych-jest-najbardziej-korzystne,555718.html [9.04.2016].
• W Dolnym Śląsku (2016), Postulaty „frankowiczów” (CHF borrowers’ postulates), http://wdolnymslasku.pl/wydarzenia/1867-postulaty-frankowiczow [9.04.2016].
• Constitution of the Republic of Poland of April 2, 1997, Dz.U. [Journal of Laws] of 1997, no 78, item 483 as amended.
• Convention for the Protection of Human Rights and Fundamental Freedoms, Dz.U. [Journal of Laws] of 1993, no. 61, item 284.
• Ustawa z dnia 2 listopada 2012 r. – Prawo bankowe, t.j. Dz.U. z 2016 r., poz. 1988 z późn. zm. (Banking Law Act of November 2, 2012, consolidated text: Dz.U. [Journal of Laws] of 2016, item 1988 as amended).
• Judgement of Constitutional Tribunal of April 14, 2015, file ref. no. P 45/12

Identifiers

ISSN

2353 - 9119