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1. Which entities participate in the Polish deposit guarantee scheme?
2. Are banks engaged in running business in Poland, whose head offices are outside the territory of the Republic of Poland covered by the BFG guarantee?
3. Are the funds deposited in entities that hold no authorisation of the Polish Financial Supervision Authority to perform banking transactions covered
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Why has the Polish Parlament adopted the Act of 10 June 2016 on the Bank Guarantee Fund, Deposit Guarantee Scheme and Resolution?
The Act implements the Bank Recovery and Resolution Directive (BRRD) and the Directive on Deposit Guarantee Schemes into the Polish law. Poland is obliged to implement these Directives due to the membership of the
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Proceedings for issuing a decision on the initiation of resolution of Podkarpacki Bank Spółdzielczy w Sanoku.
In the course of the proceedings concerning the decision on the initiation of the resolution of Podkarpacki Bank Spółdzielczy w Sanoku (PBS w Sanoku), the Fund, pursuant to Article 137 of the BFG Act, had ensured the preparation of the
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The amount of funds not exceeding the PLN equivalent of EUR 100,000 is guaranteed in its entirety.
The rules for calculating the guaranteed amount
The guaranteed amount is determined as per the balance of the depositor funds as of the day of meeting the guarantee condition to the bank or savings and credit union (inclusive
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Proceedings for issuing a decision on the initiation of resolution of Bank Spółdzielczy w Przemkowie
In the course of the proceedings concerning the decision to initiate the resolution of Bank Spółdzielczy w Przemkowie (BS w Przemkowie), the Fund conducted operational activities.
Before the decision on the resolution of BS w Przemkowie was made, in accordance with Article
Resolution of Bank Spółdzielczy w PrzemkowieRead more …
The Act of 10 June 2016 on the Bank Guarantee Fund, Deposit Guarantee Scheme and Resolution (Journal of Laws of 2016, item 996) imposes on institutions subject to the personal scope of the regulations new information duties towards the Bank Guarantee Fund, aimed at providing the Fund with access to data necessary for execution of
Information obligationsRead more …
The principles of resolution of banks, credit unions and some investment firms* were defined in the Act of 10 June 2016 on the Bank Guarantee Fund, the Deposit Guarantee Scheme and Resolution (Journal of Laws of 2016 item 996).
Regulations forming the resolution legal framework adopted in the Act implement into the Polish legal order provisions
ResolutionRead more …
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Any person who proceeds to use this Service (the User) thus acknowledges and accepts the terms and conditions presented below.
In the scope
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