Events listed in Banking Act
Government Approves Partial Revision Bill of the Enforcement Decree of the Banking ...
ID 24630
The FSC has annouced that the partial revision bill of the Enforcement Decree of the Banking Act was approved by the government. This means that it is outlined when a bank needs authorization from the FSC in case it decides to „close down or transfers or acquires a ‚major part‘ of its business operation“. Major part means businesses that make up at least 10% ...
Stanowisko UKNF dot. ryzyka przedpłaty w umowach o kredyt hipoteczny z okresowo ...
ID 23881
On June 27, 2023, the Polish Financial Supervision Authority (KNF) issued a press statement in which it informs of a letter that was recently sent to financial institutions operating in Poland as regards the management of early repayment risks in mortgage loan agreements and / or the arrangement of new or revised loan agreements in this context. Specifically, the KNF confirms its position that ...
Nowelizacja Rekomendacji S
ID 23768
The Polish Financial Supervision Authority (KNF) has published a press statement in which it informs of a new resolution (242/2023) on modifications to the KNF’s recommendation S as regards good practices with respect to mortgage-backed credit exposures. Specifically, according to the KNF, recommendation S was modified to – include new provisions for housing loans that are guaranteed by a government program; – include new ...
FSC Decides to Activate CCyB Requirement for Banks and Bank Holding Groups from May ...
ID 23425
The FSC has announced its intention to impose a 1% CCyB requirement on banks and their holding companies starting 1 May 2024. This strategic move aims to bolster the loss-absorbing capacity of these financial institutions, better preparing them to tackle potential losses. Following recent decision, domestic banks and bank holding groups will have about one year to prepare and begin to set aside CCyB ...
Wspólny komunikat Biura Informacji Kredytowej (BIK) oraz Urzędu Komisji Nadzoru ...
ID 23300
The Credit Information Bureau (BIK) and the Polish Financial Supervision Authority (UKNF) have published a joint communiqué in view of the coming into force of several new requirements on financial institutions engaged in consumer lending. Specifically, **the BIK and the UKNF remind financial institutions that – beginning May 18, 2023 – they MUST check the creditworthiness of clients before granting a loan and must ...
Consultation Paper on Enhancing Safeguards for Proper Conduct of Prospecting ...
ID 22962
In view of continuing issues observed by the Monetary Authority of Singapore (MAS) as regards the conduct of supervised „institutions“ when conducting public prospecting activities (PPAs), MAS has launched a new consultation in this context. Specifically, MAS seeks to enhance the requirements of financial advisers, brokers, investment firms, certain fund managers, banks, and insurance companies (briefly called „Financial Institutions or FIs“) to ensure ...
Nowelizacja Rekomendacji J
ID 22491
The Polish Financial Supervision Authority (KNF) has published a new Recommendation J regarding best practices for the collection and processing of real estate market data by banks. The recommendations were originally created in 2012 to support risk management of banks as regards the monitoring of mortgage-backed credit exposures, especially the monitoring of the value of the collateralized real estate so as to prevent the ...
Nałożenie kary pieniężnej na Plus Bank
ID 22392
The Polish Financial Supervision Authority (KNF) has published a statement to inform that a fine was imposed on Plus Bank for violations under the Act of 29 August 1997 of the Banking Law (Banking Act). Specifically, the bank failed to update its resolution plans which is required by Articles 141m and 141n of the Banking Act. The Articles thereby require to at least annually ...
Pośrednicy kredytu hipotecznego i ich agenci – formalne i praktyczne aspekty ...
ID 21814
The Polish Financial Supervision Authority (KNF) has published a [statement]() to inform of a new document entitled „Mortgage brokers and their agents – formal and practical aspects of registration“ which is addressed at financial institutions and mortgage brokers and other mortgage credit intermediaries facilitating real estate loans to customers. Although the document has no legal value and does not replace reference to applicable laws ...
Stanowisko UKNF skierowane do Prezesów Zarządów Banków oraz Dyrektorów oddziałów ...
ID 21768
The Polish Financial Supervision Authority (KNF) has published a press release to inform about a new position issued by the Authority on the minimum interest rate changes (interest rate buffer rates) financial institutions shall apply in the creditworthiness assessment of variable mortgage loans or of mortgage loans based on a temporarily fixed interest rate to ensure that the level of credit risk is adequately ...