On 29 September 2022, the Bank Guarantee Fund adopted a resolution decision for Getin Noble Bank S.A. (“the Bank”). On 30 September 2022, the Fund’s decision was delivered to the Bank. Thus, on that date, the resolution process against Getin Noble Bank S.A. was initiated. Also on that date, the Bank’s capital instruments were written
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Resolution of Getin Noble Bank S.A.
On 29 September 2022, the Bank Guarantee Fund adopted a resolution decision for Getin Noble Bank S.A. (“the Bank”). On 30 September 2022, the Fund’s decision was delivered to the Bank. Thus, on that date, the resolution process against Getin Noble Bank S.A. was initiated. Also on that date, the Bank’s capital instruments were written down
Dagmara Wieczorek-Bartczak
Dagmara Wieczorek-Bartczak is a member of the Management Board of the Bank Guarantee Fund since 1 February 2022. She oversees the preparation of the Fund to the resolution authority role in the insurance sector.
For over 22 years Ms. Wieczorek-Bartczak was working at the Financial Supervision Authority Office, where, inter alia, she was the Managing Director
Payouts of guaranteed funds in years 2014-2017 and the size of the BFG funds
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 bln.
The BFG is
Payouts of guaranteed funds in years 2014-2017 and the size of the BFG fundsRead more …
What is insurance company resolution?
Resolution is a mechanism used to avoid the uncontrolled failure of an insurer and its negative impact on the economy, the financial system, and society. Resolution allows for the recovery of an entity in a poor financial position or its orderly exit from the market. Rescuing an insurer should not involve taxpayers’ money, hence EU
BFG Conference “Crisis management in the financial system – stairway to heaven or highway to hell?” – UPDATE
Organizing Committee of the BFG Conference “Crisis management in the financial system – stairway to heaven or highway to hell?” informs that the Fund has decided to postpone the conference date. The exact date will be announced at a later date.
Due to the factors beyond our control, in the Fund’s opinion, it was not possible
IADI membership
The International Association of Deposit Insurers was set up in 2002 at the Bank of International Settlements in Basel (Switzerland) as an independent organization affiliating deposit guarantee institutions from around the world gathered to share knowledge and expertise.
IADI’s main objective is to contribute to the stability of financial systems by promoting international cooperation in the
Protection of creditors
Within the legal framework of resolution, several solutions are established to secure interests of creditors of an entity under resolution. The basic principle says that no actions of the Bank Guarantee Fund may not deplete the guaranteed funds. Regardless of a resolution tool applied, all funds collected by a depositor in accounts in banks and