Piotr Tomaszewski was appointed the President of the Management Board of the Bank Guarantee Fund on March 9, 2020. He is responsible for the functioning of the Fund as a whole. Supervises Resolution Department, Resolution Planning Department, Treasury Department, Audit Department, HR Department as well as Internal Audit and Office of the Management Board. He
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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
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
Bridge institution tool
The bridge institution tool is used when it is necessary to ensure the continuity of critical functions or the protection of financial stability, whereas an entity willing to acquire the business of an entity under resolution cannot be found.
In the case of the bridge institution tool a special purpose vehicle established by the Bank Guarantee
Deposit Guarantee
The principles of guaranteeing deposits are stipulated in the Act on the Bank Guarantee Fund, Deposit Guarantee Scheme and Resolution of 10 June 2016 (Journal of Laws item 996). Prior to 8 October 2016, the deposit insurance scheme had been governed by the Act on the Bank Guarantee Fund of 14 December 1994 (Journal of
Sale of business tool
This instrument enables the Bank Guarantee Fund to transfer in whole or in part the business of an entity being under the bankruptcy threat to another financial institution of good financial standing or to sell its shares to a new investor, which will ensure stability and development of the said entity.
The transfer of the business
Safe Bank Journal
From issue 3 (84) 2021, the “Bezpieczny Bank” journal is available on the OJS platform
www.ojs.bfg.pl
We only accept articles via this website.
Older issues of the journal can be found on the pages Numery czasopisma Bezpieczny Bank.
“Safe Bank” is a journal published by the Bank Guarantee Fund since 1997.
The mission of the journal is to popularize knowledge
Resolution objectives for insurance companies
The general objectives of a resolution process against an insurance or reinsurance company are:
Resolution is used when an insurance or reinsurance company is unable, either alone or with the help of the supervisory authority, to improve its financial position and its failure would lead to undue negative social and financial consequences (public interest risk). In