Poland wants to strengthen financial market supervision by enlarging financial market regulator KNF composition and by altering KNF financing, government’s legislative works agenda shows.
The KNF will be expanded to include a representative of the cabinet and non-voting representatives from the Banking Guarantee Fund (BFG) and the nation’s special services coordinator. Extension of the KNF member rolls is designed to „secure better coordination of state policy vis-a-vis the financial market and early identification of threats stemming from its function.” The bill will alter financing for the KNF to put fees from supervised entities directly to the KNF. New rules will enable communication between the KNF and law enforcement agencies.
