Poland : BCBS-IADI Core Principles for Effective Deposit Insurance Systems
During February 19-March 4, 2013 an assessment under the International Monetary Fund (IMF)/World Bank Financial Sector Assessment Program (FSAP) was conducted for the Republic of Poland. Poland's financial system has been expanding rapidly and...
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
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Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2013/05/18550626/poland-bcbs-iadi-core-principles-effective-deposit-insurance-systems-financial-sector-assessment-program http://hdl.handle.net/10986/16748 |
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okr-10986-167482021-04-23T14:03:32Z Poland : BCBS-IADI Core Principles for Effective Deposit Insurance Systems World Bank BANK EVALUATION BANK PROFITS BANKING SYSTEM CAPITAL BUILDING ECONOMIC SLOWDOWN EU DIRECTIVES FINANCIAL SYSTEM MODERNIZATION During February 19-March 4, 2013 an assessment under the International Monetary Fund (IMF)/World Bank Financial Sector Assessment Program (FSAP) was conducted for the Republic of Poland. Poland's financial system has been expanding rapidly and remains dominated by banks. The total assets of the financial system grew from 86 percent of Gross Domestic Product (GDP) in 2005 to 124 percent of GDP in 2012. The banking system is dominated by a handful of foreign-owned banks. They control about 65 percent of the sector's assets-a sizeable proportion, but lower than in the Czech Republic, Hungary, and Slovakia. The Polish banking system is well capitalized and liquid. In aggregate, capital adequacy reached 14.7 percent, 90 percent of which is tier capital. Banks' profits in 2011 and 2012 were historically high, and regulations restricting dividend payouts aided capital building. Regulatory and supervisory efforts have helped improve the resilience of the banking system, but the economic slowdown will pose some challenges for banks. Poland's regulatory, supervisory, and resolution frameworks are influenced by developments at the European Union (EU) level. As a member of the EU, Poland is obliged to comply with EU directives when they come into force. Poland is expected to be in line with the changed EU Directives on deposit insurance systems, and on the new EU Directive on bank recovery and resolution. The ongoing modernization of Poland's financial system and challenging macroeconomic environment pose challenges to the supervisory and regulatory system. Accounting and disclosure regimes support the ability of the supervisor and deposit insurer to adequately evaluate the health of individual banks and the banking system as a whole. 2014-01-30T19:59:36Z 2014-01-30T19:59:36Z 2013-05 http://documents.worldbank.org/curated/en/2013/05/18550626/poland-bcbs-iadi-core-principles-effective-deposit-insurance-systems-financial-sector-assessment-program http://hdl.handle.net/10986/16748 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Economic & Sector Work Europe and Central Asia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
BANK EVALUATION BANK PROFITS BANKING SYSTEM CAPITAL BUILDING ECONOMIC SLOWDOWN EU DIRECTIVES FINANCIAL SYSTEM MODERNIZATION |
| spellingShingle |
BANK EVALUATION BANK PROFITS BANKING SYSTEM CAPITAL BUILDING ECONOMIC SLOWDOWN EU DIRECTIVES FINANCIAL SYSTEM MODERNIZATION World Bank Poland : BCBS-IADI Core Principles for Effective Deposit Insurance Systems |
| geographic_facet |
Europe and Central Asia |
| description |
During February 19-March 4, 2013 an
assessment under the International Monetary Fund (IMF)/World
Bank Financial Sector Assessment Program (FSAP) was
conducted for the Republic of Poland. Poland's
financial system has been expanding rapidly and remains
dominated by banks. The total assets of the financial system
grew from 86 percent of Gross Domestic Product (GDP) in 2005
to 124 percent of GDP in 2012. The banking system is
dominated by a handful of foreign-owned banks. They control
about 65 percent of the sector's assets-a sizeable
proportion, but lower than in the Czech Republic, Hungary,
and Slovakia. The Polish banking system is well capitalized
and liquid. In aggregate, capital adequacy reached 14.7
percent, 90 percent of which is tier capital. Banks'
profits in 2011 and 2012 were historically high, and
regulations restricting dividend payouts aided capital
building. Regulatory and supervisory efforts have helped
improve the resilience of the banking system, but the
economic slowdown will pose some challenges for banks.
Poland's regulatory, supervisory, and resolution
frameworks are influenced by developments at the European
Union (EU) level. As a member of the EU, Poland is obliged
to comply with EU directives when they come into force.
Poland is expected to be in line with the changed EU
Directives on deposit insurance systems, and on the new EU
Directive on bank recovery and resolution. The ongoing
modernization of Poland's financial system and
challenging macroeconomic environment pose challenges to the
supervisory and regulatory system. Accounting and disclosure
regimes support the ability of the supervisor and deposit
insurer to adequately evaluate the health of individual
banks and the banking system as a whole. |
| format |
Economic & Sector Work :: Financial Sector Assessment Program (FSAP) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Poland : BCBS-IADI Core Principles for Effective Deposit Insurance Systems |
| title_short |
Poland : BCBS-IADI Core Principles for Effective Deposit Insurance Systems |
| title_full |
Poland : BCBS-IADI Core Principles for Effective Deposit Insurance Systems |
| title_fullStr |
Poland : BCBS-IADI Core Principles for Effective Deposit Insurance Systems |
| title_full_unstemmed |
Poland : BCBS-IADI Core Principles for Effective Deposit Insurance Systems |
| title_sort |
poland : bcbs-iadi core principles for effective deposit insurance systems |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/05/18550626/poland-bcbs-iadi-core-principles-effective-deposit-insurance-systems-financial-sector-assessment-program http://hdl.handle.net/10986/16748 |
| _version_ |
1764434604557598720 |