Reassessing the Role of State-Owned Enterprises in Central, Eastern, and South Eastern Europe
Jacek Jastrzębski, Chair of the Board of the Polish Financial Supervision Authority took part in a panel discussion which was accompanied by the publication of the IMF report: "Reassessing the Role of State-Owned Enterprises in Central, Eastern, and South Eastern Europe".
Main points presented by Jacek Jastrzębski:
- By providing credit to the economy, strong domestic capital in the financial sector has proven crucial during the credit crunch. Today, it may be pivotal in allowing Polish FIs to become regional or global players and to support Polish businesses in going abroad.
- In the Polish financial market, state controlled companies generally tend to outperform the market. They also frequently raise the bar for their competitors and set new standards in terms of innovations and customer value.
- I believe that enhanced transparency of supervisory activities and our decision-making process is the best response to the risk of potential conflicts of interests.
- At the PFSA, we are strongly committed to ensuring a level playing field and a fair and transparent supervision for all entities in the financial market.