On 9 October 2016 entered into force the Act on the Bank Guarantee Fund, Deposit Guarantee Scheme and Resolution (the Act on BFG).

Under the new Act on BFG the Fund has gained new powers enabling to carry out a resolution action. The Fund may start the resolution process, if any opportunities to

The Act on the Bank Guarantee Fund, Deposit Guarantee Scheme and Resolution entered into forceRead more …

During the meeting with representatives of commercial banks sector the Bank Guarantee Fund has presented details of methodology for calculating the minimum requirement for own funds and eligible liabilities (MREL).

A preferred strategy envisaged in a resolution plan, is a crucial element that determines the amount of MREL required by the Bank Guarantee

The methodology for calculating MRELRead more …

During the period of 2014-2017, the Bank Guarantee Fund (BFG) paid out PLN 4.326 bln of guaranteed funds to depositors of 11 failed credit unions and PLN 2.174 bln to depositors of two failed cooperative banks.

Total guarantee liabilities in both  cases (including amounts not yet collected by depositors) amounted to PLN 6.549

Payouts of guaranteed funds in years 2014-2017 and the size of the BFG fundsRead more …