19th Annual International Conference on Policy Challenges for the Financial Sector

modification date 13 June 2019

On 7 June 2019 in Washington, the Chair of the KNF Board, Mr Jacek Jastrzębski gave a speech at the conference organised by the Federal Reserve System (FED), the International Monetary Fund (IMF) and the World Bank: the 19th Annual International Conference on Policy Challenges for the Financial Sector. The Chair of the KNF Board participated in a session devoted to the independence of supervisors in the context of effective and responsible performance of their statutory tasks aimed at ensuring security and stability of the financial system. 

Mr Jacek Jastrzębski talked about the Polish Financial Supervision Authority’s experience.
He presented his views on the advantages and disadvantages of having a supervisor embedded in a central bank and discussed issues relating to the supervisor’s independence in the context of recommendations issued by the IMF after the Financial Sector Assessment Program (FSAP). The Chair of the KNF Board also discussed the changes he has introduced and the future changes in the functioning of the KNF aimed at enhancing the Polish supervisor’s independence, including the planned initiative to introduce new regulations on enhanced legal protection of the KNF’s employees.

The key points presented by the Chair of the KNF Board at the conference in Washington
are included in the document available at:
http://pubdocs.worldbank.org/en/555461560353318728/Session-6-Jacek-Jastrzebski-Chair-of-the-Board-PFSA.pdf

The 3-day 19th Annual International Conference on Policy Challenges for the Financial Sector is addressed to high-level representatives of public institutions and the research centres working on legal and regulatory topics, responsible for formulating policies concerning bank supervision and regulation in their respective jurisdictions. The conference addresses current political and financial issues raised globally and provides an overview of the results of research regarding the financial sector.

The conference website:

http://www.worldbank.org/en/events/2019/06/05/19th-annual-icpcfs