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{{Infobox Government agency
{{Infobox government agency
|agency_name = Polish Financial Supervision Authority
|agency_name = Polish Financial Supervision Authority
|nativename = Komisja Nadzoru Finansowego
|nativename = Komisja Nadzoru Finansowego
Line 8: Line 8:
|seal_width =
|seal_width =
|seal_caption =
|seal_caption =
|picture = UOKiK plac Powstańców Warszawy 2015 01.jpg
|picture = Komisja Nadzoru Finansowegp 2021.jpg
|picture_width = 200px
|picture_width = 200px
|picture_caption = Head Office at Pl.Powstańców Warszawy
|picture_caption = Head Office at 20 Piękna St.
|formed = September 2006
|formed = 19 September 2006
|preceding1 = [[Securities and Exchange Commission (Poland)]]
|preceding1 = [[Securities and Exchange Commission (Poland)]]
|dissolved =
|dissolved =
Line 18: Line 18:
|headquarters = [[Warsaw]], [[Poland]]
|headquarters = [[Warsaw]], [[Poland]]
|employees =
|employees =
|chief1_name = [[Marek Chrzanowski]] <small>(13 October 2016)</small>
|chief1_name =
|chief1_position = Chairperson
|chief1_position = Chairperson
|website = http://www.knf.gov.pl/en/index.html
|website = http://www.knf.gov.pl/en/index.html
|footnotes =
|footnotes =
}}
}}
⚫
The '''Polish Financial Supervision Authority''' (PFSA) ({{lang-pl|Komisja Nadzoru Finansowego}} (KNF)) is the financial regulatory authority for [[Poland]]. Its responsibilities include oversight of [[banking]], [[capital market]]s, [[insurance]], [[pension scheme]] and [[electronic money]] institutions.

⚫
The '''Polish Financial Supervision Authority''' (PFSA) ({{lang-pl|Komisja Nadzoru Finansowego}} (KNF)) is the financial regulatory authority for [[Poland]]. Its responsibilities include supervising of banking, capital markets, insurance, pension scheme and electronic money institutions.


==History==
==History==
The KNF was formed on 19 September 2006 as a result of the legislation passed on 21 July 2006 on the supervision of the financial markets. The new supervisory body took over the tasks of the Insurance and Pension Funds Supervisory Commission and of the [[Securities and Exchange Commission (Poland)]], which were abolished pursuant to the provisions of the said Act.
The KNF was formed on 19 September 2006 pursuant to the Financial Market Supervision Act of 21 July 2006. The new supervisory body took over the tasks of the Insurance and Pension Funds Supervisory Commission and of the [[Securities and Exchange Commission (Poland)]], which were abolished pursuant to that act.<ref>{{Cite web |url=https://www.repozytorium.uni.wroc.pl/Content/96426/PDF/05_Filipowska_M_Nadzor_nad_rynkiem_ubezpieczeniowym_na_przykladzie_Polski_i_Stanow_Zjednoczonych_model_dzialania.pdf |title=Nadzór nad rynkiem ubezpieczeniowym na przykładzie Polski i Stanów Zjednoczonych - model działania |author=Monika Filipowska |access-date=5 April 2023}}</ref>


From January 1, 2008, the second phase of the merger of financial supervision in Poland, the Polish FSA took over the powers of the Commission for Banking Supervision together with its Office – the General Inspectorate of Banking Supervision.
From January 1, 2008, the second phase of the merger of financial supervision in Poland, the Polish FSA took over the powers of the Commission for Banking Supervision together with its office, the General Inspectorate of Banking Supervision.


The FSA is a publicly financed entity serving as the single contact point and watchdog for all segments of the Polish financial market. It has been credited with ensuring that Polish banks remained relatively healthy during the most recent global banking crisis by monitoring and responding to bank liquidity measures in the midst of the general slowdown in economic activity.
The FSA is a publicly financed entity serving as the single contact point and watchdog for all segments of the Polish financial market. It has been credited with ensuring that Polish banks remained relatively healthy during the most recent global banking crisis by monitoring and responding to bank liquidity measures in the midst of the general slowdown in economic activity.


==Structure and Responsibilities==
==Structure and Responsibilities==
The President of the [[Council of Ministers of the Republic of Poland|Council of Ministers]] appointed the Chairperson of the PFSA.
The Prime Minister of Poland (President of the [[Council of Ministers of the Republic of Poland|Council of Ministers]]) appoints the chairperson of the PFSA.

The Polish Financial Supervision Authority (PFSA) exercises supervision over the banking sector, capital market, insurance and pension markets, supervision over payment institutions and payment service offices, electronic money institutions and the cooperative credit union sector.

The tasks of the Committee also include:<ref>{{Cite web |url=https://www.knf.gov.pl/dla_konsumenta/Ochrona_klienta_na_rynku_uslug_finansowych/KNF |language=pl |title=Komisja Nadzoru Finansowego (KNF) |access-date=5 April 2023}}</ref>

- taking actions aimed at the proper functioning of the financial market;

- undertaking activities aimed at the development of the financial market and its competitiveness;

- undertaking educational and information activities related to the functioning of the financial market;

- participation in the preparation of draft legal acts in the field of financial market supervision;

- creating the possibility of amicable and conciliatory settlement of disputes between financial market participants, in particular disputes arising from contractual relations between entities subject to PFSA's supervision and recipients of services provided by these entities;

- performing other tasks specified by law.


==See also==
==See also==
*[[Securities Commission]]
* [[Securities Commission]]
*[[National Bank of Poland]]
* [[National Bank of Poland]]
⚫
* [[List of financial regulatory authorities by jurisdiction]]


== References ==
==References==
{{reflist}}
<references/>


== External links ==
== External links ==
*[http://www.knf.gov.pl Official site]
*[http://www.knf.gov.pl Official site]


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[[Category:Financial regulatory authorities|Poland]]
⚫
[[Category:Government of Poland]]
⚫
[[Category:Economy of Poland]]


{{authority control}}
{{investment-stub}}

[[Category:Financial services companies established in 2006]]
[[Category:Financial regulatory authorities|Poland]]
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[[Category:Government agencies of Poland]]
⚫
[[Category:Financial regulatory authorities of Poland]]

Latest revision as of 10:28, 17 November 2023

Polish Financial Supervision Authority
Komisja Nadzoru Finansowego

Head Office at 20 Piękna St.
Agency overview
Formed19 September 2006
Preceding agency
JurisdictionPoland
HeadquartersWarsaw, Poland
Agency executive
  • Chairperson
Websitehttp://www.knf.gov.pl/en/index.html

The Polish Financial Supervision Authority (PFSA) (Polish: Komisja Nadzoru Finansowego (KNF)) is the financial regulatory authority for Poland. Its responsibilities include oversight of banking, capital markets, insurance, pension scheme and electronic money institutions.

History[edit]

The KNF was formed on 19 September 2006 pursuant to the Financial Market Supervision Act of 21 July 2006. The new supervisory body took over the tasks of the Insurance and Pension Funds Supervisory Commission and of the Securities and Exchange Commission (Poland), which were abolished pursuant to that act.[1]

From January 1, 2008, the second phase of the merger of financial supervision in Poland, the Polish FSA took over the powers of the Commission for Banking Supervision together with its office, the General Inspectorate of Banking Supervision.

The FSA is a publicly financed entity serving as the single contact point and watchdog for all segments of the Polish financial market. It has been credited with ensuring that Polish banks remained relatively healthy during the most recent global banking crisis by monitoring and responding to bank liquidity measures in the midst of the general slowdown in economic activity.

Structure and Responsibilities[edit]

The Prime Minister of Poland (President of the Council of Ministers) appoints the chairperson of the PFSA.

The Polish Financial Supervision Authority (PFSA) exercises supervision over the banking sector, capital market, insurance and pension markets, supervision over payment institutions and payment service offices, electronic money institutions and the cooperative credit union sector.

The tasks of the Committee also include:[2]

- taking actions aimed at the proper functioning of the financial market;

- undertaking activities aimed at the development of the financial market and its competitiveness;

- undertaking educational and information activities related to the functioning of the financial market;

- participation in the preparation of draft legal acts in the field of financial market supervision;

- creating the possibility of amicable and conciliatory settlement of disputes between financial market participants, in particular disputes arising from contractual relations between entities subject to PFSA's supervision and recipients of services provided by these entities;

- performing other tasks specified by law.

See also[edit]

References[edit]

  1. ^ Monika Filipowska. "Nadzór nad rynkiem ubezpieczeniowym na przykładzie Polski i Stanów Zjednoczonych - model działania" (PDF). Retrieved 5 April 2023.
  2. ^ "Komisja Nadzoru Finansowego (KNF)" (in Polish). Retrieved 5 April 2023.

External links[edit]


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