UKNF Supervisory Blog
Do they say that supervision slows down the development of the financial market? That’s right – that’s what they say…
Michał Kruszka – Director of Research and Regulatory Supervision Department
In a public debate, financial supervision is occasionally presented as a ‘brake’ or a barrier to the development of the financial market. Such a statement is based on a somehow intuitively justified view that regulations often increase the cost of functioning of supervised entities, while its implementation requires time and limits willingness to take risk. However, the experience of the last two decades shows that the key question should not be ‘Should we regulate/supervise?’ but ‘How to do that?’.
11 June 2026
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
