Publication:
The Polish Bank Insolvency Regime: Issues and Assumption Paper for the Design of an Upgraded Bank Resolution Framework

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dc.contributor.authorPollner, John D.
dc.date.accessioned2017-06-01T22:06:18Z
dc.date.available2017-06-01T22:06:18Z
dc.date.issued2012-07
dc.description.abstractThe bank insolvency framework in Poland should be modernized to ensure financial stability, maintain the continuity of critical functions in the banking system, and protect depositors and creditors, while assigning losses according to a pre-established creditor hierarchy. Several country experiences in Europe and elsewhere have demonstrated the effectiveness of new bank resolution measures by the European commission. A key aspect of the resolution process is for the authorities to swiftly assess and revalue the balance sheet of the intervened bank. Other particularities of modern resolution procedures relate to maintaining the integrity of secured financial contracts to prevent disruptions in financial market transactions including in payments and settlements systems. The treatment of systemically important institutions should rely on extraordinary resolution tools which are necessary if a bank is too large to be purchased or for its liabilities to be readily assumed. The purpose of this paper is thus to describe and recommend new features that can be added to strengthen the Polish legislation for handling commercial bank insolvencies. The paper focuses on the legal issues related to insolvency of banks (including commercial banks and cooperative banks). The banking sector's share in the total assets of the credit sector amounts to 89 percent while cooperative banks control 6 percent. The only wholly-owned state bank is the development bank Bank Gospodarstwa Krajowego (BGK) which is subject to supervision by the Polish Financial Supervisory Authority (KNF).en
dc.identifierhttp://documents.worldbank.org/curated/en/807961468333885401/The-Polish-Bank-insolvency-regime-issues-and-assumptions-paper-for-the-design-of-an-upgraded-bank-resolution-framework
dc.identifier.doi10.1596/26838
dc.identifier.urihttps://hdl.handle.net/10986/26838
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCESS TO CREDIT
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectADEQUATE LEGAL PROTECTION
dc.subjectADMINISTRATIVE ACTIONS
dc.subjectADMINISTRATIVE COSTS
dc.subjectADMINISTRATIVE POWERS
dc.subjectADMINISTRATIVE PROCEDURES
dc.subjectARRANGEMENT WITH CREDITORS
dc.subjectASSET MANAGEMENT
dc.subjectASSET MANAGEMENT COMPANIES
dc.subjectASSET RATIO
dc.subjectASSET SALES
dc.subjectASSET VALUE
dc.subjectASSET VALUES
dc.subjectASSUMPTION OF LIABILITIES
dc.subjectASSUMPTION TRANSACTIONS
dc.subjectAUDITING
dc.subjectAUDITS
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEET INSOLVENT
dc.subjectBALANCE-SHEET INSOLVENT
dc.subjectBANK CREDITORS
dc.subjectBANK FAILURE
dc.subjectBANK INSOLVENCIES
dc.subjectBANK INSOLVENCY
dc.subjectBANK INSOLVENCY FRAMEWORK
dc.subjectBANK INSOLVENCY REGIME
dc.subjectBANK INSOLVENCY REGIMES
dc.subjectBANK LIABILITIES
dc.subjectBANK LIQUIDATION
dc.subjectBANK RESTRUCTURING
dc.subjectBANK RUN
dc.subjectBANKING AUTHORITY
dc.subjectBANKING LAW
dc.subjectBANKING LAWS
dc.subjectBANKING SECTOR
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCIES
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY CASES
dc.subjectBANKRUPTCY LAW
dc.subjectBANKRUPTCY PETITION
dc.subjectBANKRUPTCY PROCEDURES
dc.subjectBANKRUPTCY PROCEEDINGS
dc.subjectBANKS
dc.subjectBENEFIT OF CREDITORS
dc.subjectBOOK VALUE
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL INJECTIONS
dc.subjectCENTRAL BANKS
dc.subjectCIVIL PROCEDURE
dc.subjectCLAIM
dc.subjectCLAIMANTS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL INSOLVENCY
dc.subjectCOMMERCIAL INSOLVENCY LAW
dc.subjectCOMMERCIAL INSOLVENCY LAWS
dc.subjectCOMPETITOR BANKS
dc.subjectCONSOLIDATION
dc.subjectCONTRACTUAL ARRANGEMENTS
dc.subjectCONTRACTUAL RELATIONSHIPS
dc.subjectCOOPERATIVE BANKING
dc.subjectCOOPERATIVE BANKING SECTOR
dc.subjectCOOPERATIVE BANKS
dc.subjectCORPORATE INSOLVENCY
dc.subjectCORPORATE INSOLVENCY FRAMEWORK
dc.subjectCORPORATE INSOLVENCY LAW
dc.subjectCORPORATE INSOLVENCY PROCEEDING
dc.subjectCOURT PROCEEDINGS
dc.subjectCREDIBILITY
dc.subjectCREDIT INSTITUTIONS
dc.subjectCREDITOR
dc.subjectCREDITOR CLAIMS
dc.subjectCREDITOR CLASSES
dc.subjectCREDITORS
dc.subjectDEBT
dc.subjectDEBT OBLIGATION
dc.subjectDEBTOR
dc.subjectDECLARATION OF BANKRUPTCY
dc.subjectDEPOSIT
dc.subjectDEPOSIT GUARANTEE
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSIT INSURANCE AGENCIES
dc.subjectDEPOSIT INSURANCE AGENCY
dc.subjectDEPOSIT INSURANCE FUND
dc.subjectDEPOSIT INSURANCE FUNDS
dc.subjectDEPOSIT INSURANCE SCHEMES
dc.subjectDEPOSITOR
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDERIVATIVES
dc.subjectDISTRESSED BANKS
dc.subjectESTATE
dc.subjectFEATURES OF INSOLVENCY LAW
dc.subjectFEDERAL DEPOSIT INSURANCE
dc.subjectFEDERAL DEPOSIT INSURANCE CORPORATION
dc.subjectFINANCIAL CONTRACTS
dc.subjectFINANCIAL INDICATORS
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL REGULATION
dc.subjectFINANCIAL REPORTING
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL STRUCTURE
dc.subjectFINANCIAL SYSTEM
dc.subjectFOREIGN BANKS
dc.subjectFORMAL BANKRUPTCY
dc.subjectGOING CONCERN
dc.subjectGOING CONCERN VALUE
dc.subjectGOOD FAITH
dc.subjectGUARANTEE FUND
dc.subjectILLIQUIDITY
dc.subjectIMMINENT INSOLVENCY
dc.subjectIMPAIRED ASSETS
dc.subjectINSOLVENCY FRAMEWORKS
dc.subjectINSOLVENCY PROCEDURE
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINSUFFICIENT FUNDS
dc.subjectINSURED DEPOSITS
dc.subjectINTEREST RATES
dc.subjectJUDGES
dc.subjectJUDICIAL AUTHORITIES
dc.subjectJUDICIAL POWERS
dc.subjectJUDICIARY
dc.subjectJURISDICTIONS
dc.subjectLAST RESORT
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL FRAMEWORKS
dc.subjectLEGAL PROTECTION
dc.subjectLEGAL REFORM
dc.subjectLEGISLATION
dc.subjectLIABILITY
dc.subjectLIQUIDATION
dc.subjectLIQUIDATION OF ASSETS
dc.subjectLIQUIDATION PROCEDURES
dc.subjectLIQUIDATION STAGE
dc.subjectLIQUIDATIONS
dc.subjectLIQUIDATOR
dc.subjectLOAN
dc.subjectLOAN ASSETS
dc.subjectLOAN LOSS PROVISIONS
dc.subjectMANDATE
dc.subjectMARKET DISCIPLINE
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET VALUE
dc.subjectMORAL HAZARD
dc.subjectNEW LEGAL FRAMEWORK
dc.subjectNONPERFORMING LOANS
dc.subjectNUMBER OF BANK
dc.subjectNUMBER OF CREDITORS
dc.subjectOFF BALANCE SHEET
dc.subjectOPEN BANK
dc.subjectOPERATIONAL RISKS
dc.subjectORDINARY BANKRUPTCY
dc.subjectPARTIAL TRANSFERS
dc.subjectPAYMENT OF CLAIMS
dc.subjectPERSONAL LIABILITY
dc.subjectPRESENT VALUE
dc.subjectPRIORITY OF CREDITOR
dc.subjectPRIVILEGED CREDITOR
dc.subjectPROCEDURES FOR INSOLVENCY
dc.subjectPROFITABILITY
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC SERVICES
dc.subjectPURCHASE AND ASSUMPTION TRANSACTIONS
dc.subjectRECAPITALIZATION
dc.subjectRECEIVER
dc.subjectRECEIVERSHIP
dc.subjectREGULATORY FORBEARANCE
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY REPORTS
dc.subjectREHABILITATION PLANS
dc.subjectREORGANIZATION
dc.subjectREORGANIZATION PLANS
dc.subjectREORGANIZATION PROCEEDINGS
dc.subjectSALARIES
dc.subjectSALARY
dc.subjectSALES OF ASSETS
dc.subjectSETTLEMENT
dc.subjectSETTLEMENT SYSTEMS
dc.subjectSETTLEMENTS
dc.subjectSHAREHOLDER RIGHTS
dc.subjectSOLVENT BANKS
dc.subjectSTATE BANK
dc.subjectSUBORDINATED DEBT
dc.subjectSUBSIDIARIES
dc.subjectSUBSIDIARY
dc.subjectSUPERVISORY ACTION
dc.subjectSUPERVISORY AUTHORITIES
dc.subjectSUPERVISORY POWERS
dc.subjectSYSTEMIC RISK
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTIER 1 CAPITAL
dc.subjectTRADITIONAL BANKRUPTCY
dc.subjectTRUSTEE
dc.subjectTYPES OF DEBT
dc.subjectVALUE OF ASSETS
dc.subjectVOLUNTARY LIQUIDATIONS
dc.subjectWINDING UP
dc.subjectWRITE OFFS
dc.titleThe Polish Bank Insolvency Regimeen
dc.title.subtitleIssues and Assumption Paper for the Design of an Upgraded Bank Resolution Frameworken
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleThe Polish Bank Insolvency Regime
okr.date.disclosure2012-07
okr.date.doiregistration2025-05-07T11:14:00.994778Z
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/807961468333885401/The-Polish-Bank-insolvency-regime-issues-and-assumptions-paper-for-the-design-of-an-upgraded-bank-resolution-framework
okr.guid807961468333885401
okr.identifier.externaldocumentum000442464_20130819113852
okr.identifier.internaldocumentum18119799
okr.identifier.report80396
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/807961468333885401/pdf/803960WP0P12750x0379805B00PUBLIC00.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryPoland
okr.sectorFinance :: Banking
okr.themeFinancial and private sector development :: Standards and financial reporting
okr.themeFinancial and private sector development :: Other financial and private sector development
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Deposit Insurance
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.unitPrivate and Financial Sector Development
relation.isAuthorOfPublicationb0f82774-24d9-5275-98e8-aae3f2ccab7e
relation.isAuthorOfPublication.latestForDiscoveryb0f82774-24d9-5275-98e8-aae3f2ccab7e
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