UKNF Supervisory Blog - Komisja Nadzoru Finansowego
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UKNF Supervisory Blog
Number of results found: 21
Do robots dream of green banks? The role of artificial intelligence in sustainability reporting and ESG risk management at banks
Artur Mika – Expert in the Commercial Banking Department
The European Union is witnessing the continued macrotrend of regulatory simplification, including in relation to regulations on sustainability, in the face of efforts to increase the competitiveness of the EU economy. Notwithstanding the amendments to regulations in this regard, in particular through the Omnibus I package, regulations such as Corporate Sustainability Reporting Directive (CSRD), Taxonomy Regulation or EBA Guidelines on the management of environmental, social and governance (ESG) risks (EBA/GL/2025/01) still force banks to work with enormous sets of data from various dispersed sources and to process such data under pressure. For this reason, using solutions based on AI systems in banks’ sustainability reporting and, more widely, in ESG risk management, may bring substantial benefits.
1 April 2026
Amended Recommendation WFD does not change the supervisory perspective
Marcin Mikołajczyk, Deputy Chair of the KNF
When proposing amendments to Recommendation WFD, the UKNF has not changed its supervisory perspective or overarching assumption. The purpose of Recommendation WFD remains to mitigate the risk associated with the structure of mortgage loan funding. The risk is mitigated by increasing the share of long-term funding in the banks’ equity and liabilities in relation to the value of mortgage loans granted. The amendments proposed by the supervisory authority have not lowered supervisory expectations, but they stem from a modified WFD calculation method.
12 March 2026
Acquirer, Bank, Chargeback, or ABC of paying with payment instruments
Prepared by: UKNF, Banking Supervision Division
We recently came across a quite extensive discussion on a popular business social media website, triggered by a post published by one of users. The user claimed that his payment initiated with BLIK is irreversible, meaning that it is not subject to the chargeback procedure (available for payments initiated with certain payment cards). Since the discussion involved several misunderstandings or inaccuracies, which are also present in other areas of the commentariat, we decided to clarify and elaborate a bit more on this topic.
5 March 2026
Economy needs financial market
Prepared by: Łukasz Hardt, Adviser to the Chair of the KNF
One of the tasks of the KNF expressly defined in the Act on financial market supervision is to take actions for the development of that market. It is about both stimulating its growth and taking care of its competitiveness and stability – all that being done so that the financial market can support the development of Poland’s economy. Higher competitiveness of the economy is determined by higher labour productivity rates, and these depend on capital accumulation rate (capital deepening), in other words – the level of investment. At the same time, a material rise in investment-to-GDP ratio (capital deepening) requires appropriate funding sources, i.e. a deeper financial market (financial deepening). This happens, since a developed financial market mobilises savings, which in turn increases the supply of funds for investment purposes, reduces the costs of capital through competition and better risk valuation, improves capital allocation and allows long-term funding.
31 December 2025