Supervisory disclosure
The European Commission in order to foster sound governance and promote convergence of supervisory practices across Europe stipulated the requirement of supervisory disclosure (Article 144 of Directive of the European Parliament 2006/48/EC).
The purpose of the supervisory disclosure framework is:
Enhancing the effectives of supervision, by facilitation interaction between institutions and competent authorities; addressing the legitimate expectations of institutions, in which need clarity and transparency of the rules they must comply with; and providing easy access to the disclosed information.
Helping to promote a level-playing field throughout Europe, by facilitation meaningful comparisons of supervisory approaches. Disclosure can be view as on tool among many for promoting convergence in supervisory practices across Europe.
Rules and guidance
This section provides information on legal and regulatory texts, including:
Laws and regulations adopted by Poland to implement the Basel II provisions of the Directives 2006/48/EC and 2006/49/EC. These texts outline the basic legislative and regulatory framework for supervised credit institutions and investment firms.
Administrative rules. The term "administrative rules" is used in a variety of ways in different contexts. For the purposes of supervisory disclosure it refers to documents that instruct supervised entities on how to satisfy legislative and regulatory requirements.
General guidance. This includes explicit disclosure requirements from the Directive 2006/48/EC, and explanations deemed necessary to set out how the rules should be applied by institutions. General guidance also includes any other relevant information that National Bank of Poland may choose to release in order to improve the understanding of the new capital adequacy framework.
Contact:
Office:
Plac Powstańców Warszawy 1
00-950 Warsaw, Poland
Phone:
+48 22 262 51 53
Fax:
+48 22 262 48 62
e-mail:
dwz@knf.gov.pl
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