The Polish banking system in the nineties

This publication is one of a number of papers prepared by Narodowy Bank Polski for the European Central Bank. The paper consists of three basic parts:

• the introduction, in which the effect of restructuring legislation on the development of the banking system and the organisation of banking supervision was discussed;
• the main body of the report, dealing with Polish banking law in the nineties; this discusses the main changes in Polish banking legislation in the nineties, including the most recent amendment to the Banking Act of 2001. Also covered are the significant role of banking supervision and the principles of licensing policy, together with the form of broadly understood prudential regulations as well as the principles of bank accounting;
• the third section reports on the situation of banking environment in Poland, discussing the processes occurring in the Polish banking sector within the last decade. The privatisation of Polish banks has been gone into in some detail, covering restructuring and consolidation, with reference to the cooperative banking sector. Finally, this last part of the paper contains information on the establishment of banking groups and financial conglomerates.

Lists of prudential regulations that are binding in Poland and recommendations decided in the GINB are annexed at the end of the paper.

The Polish banking system in the nineties

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