Financial Sector Assessment Program - Poland : Housing Finance Technical Note
This note primarily addresses the mortgage market development objectives, although the regulator is encouraged to consider the use of the macro prudential tools at its disposal for institutional and systemic stability of the mortgage sector as the...
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2014/01/19062508/poland-financial-sector-assessment-program-housing-finance-technical-note http://hdl.handle.net/10986/17359 |
| Summary: | This note primarily addresses the
mortgage market development objectives, although the
regulator is encouraged to consider the use of the macro
prudential tools at its disposal for institutional and
systemic stability of the mortgage sector as the current
portfolio outstanding is large and risky and thus presents a
negative performance outlook. The rest of the material is
structured as follows. Firstly, brief background information
on recent Polish mortgage sector evolution provides context.
Secondly, details of certain regulatory initiatives are
discussed with the view on potential strengthening. Thirdly,
suggestions for modernization of certain features of the
current capital market funding framework are provided;
specifically on expanding the issuance of Mortgage Covered
Bond (MCBs) to the universal banks as well as bringing the
framework in line with the latest global best practices. |
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