World Bank2013-10-012013-10-012001-04https://hdl.handle.net/10986/15952The principal objectives of this financial sector assessment were to assist the authorities in identifying potential vulnerabilities in the Polish financial system that could have macroeconomic consequences, to suggest measures to reduce these risks, and to outline development needs in the system and strategies to address these concerns. The purpose of this note is to provide a summary of the main findings of the mission, together with the policy priorities identified. The issues facing the Polish financial sector are mostly of development rather than stability nature. Poland has made significant reforms in its financial sector over the last decade, with an acceleration of the restructuring of its banking system in the last three years. Poland has completed the larger part of the transition-related reform agenda in the financial sector. While the overall stability of the financial sector does not appear to be a concern at the moment, enhanced oversight of risk management systems of financial institutions and improvements in crisis prevention and management procedures are necessary.en-USCC BY 3.0 IGOACCOUNTABILITYACCOUNTINGACCOUNTING PRACTICESACCOUNTING STANDARDSACCOUNTING TREATMENTAGRICULTURAL BANKSASSET MANAGEMENTASSET QUALITYAUDITINGAUDITSAUTONOMYAVAILABILITY OF CREDITBANK FAILURESBANK GUARANTEEBANK LOANSBANK SUPERVISORBANKING ASSETSBANKING CRISESBANKING LAWSBANKING SECTORBANKING SECTOR STABILITYBANKING SUPERVISIONBANKING SYSTEMBANKRUPTCYBANKRUPTCY COURTSBANKRUPTCY LAWBENEFICIARIESBUDGET CONSTRAINTSCAPITAL ADEQUACYCAPITAL CONTROLSCAPITAL MARKETSCLASSIFIED LOANSCOLLATERALCOMMERCIAL BANKSCOMPETITIVE MARKETCONSOLIDATED SUPERVISIONCONSOLIDATIONCONTINGENCY PLANSCONTINGENT LIABILITIESCONTINUOUS MARKETCONTRACTUAL SAVINGSCORPORATE BORROWERSCORPORATE GOVERNANCECREDIT BUREAUCREDIT CULTURECREDIT EXPOSURECREDIT GROWTHCREDIT HISTORYCREDIT INFORMATIONCREDIT RISKCREDIT RISKSCURRENCYCURRENCY DEPRECIATIONCURRENT ACCOUNT DEFICITDEPOSITDEPOSITORDEPOSITORSDEPOSITSDERIVATIVESDOMESTIC INTEREST RATESEMERGING MARKETSENTRY BARRIERSEQUITY MARKETEQUITY MARKET DEVELOPMENTEXCHANGE COMMISSIONEXCHANGE RATEEXPOSUREEXTERNAL AUDITORSFINANCIAL CONGLOMERATESFINANCIAL EXPOSURESFINANCIAL INFORMATIONFINANCIAL INSTITUTIONSFINANCIAL INSTRUMENTSFINANCIAL MARKETSFINANCIAL POLICIESFINANCIAL PRODUCTSFINANCIAL SAFETY NETFINANCIAL SECTORFINANCIAL SECTOR ASSESSMENTFINANCIAL SECTOR POLICYFINANCIAL SECTOR STABILITYFINANCIAL SERVICESFINANCIAL SYSTEMFINANCIAL SYSTEM STABILITYFINANCIAL TRANSACTIONSFISCAL POLICIESFOREIGN ASSETSFOREIGN BANKSFOREIGN EXCHANGEFOREIGN EXCHANGE RISKFOREIGN INVESTORSFUND MANAGERSGLOBAL FINANCIAL MARKETSGOVERNMENT BONDGOVERNMENT BOND MARKETGOVERNMENT BOND MARKET DEVELOPMENTGOVERNMENT DEFICITGOVERNMENT SUPPORTGROWTH RATESGUARANTEE FUNDHOUSINGHOUSING FINANCEINCOMEINFORMATION ON BORROWERSINSTITUTIONAL INVESTMENTINSTITUTIONAL INVESTORINSTITUTIONAL INVESTORSINSURANCEINSURANCE COMPANIESINSURANCE PREMIUMSINTEREST RATEINTEREST RATE ADJUSTMENTSINTEREST RATE RISKINTEREST RATE RISKSINVESTABLE FUNDSINVESTMENT POLICIESINVESTMENT REGULATIONSINVESTOR BASEISSUANCEJUDICIAL SYSTEMLEGAL FRAMEWORKLEGAL PROTECTIONLEGISLATIONLEGISLATIVE FRAMEWORKLENDERSLENDING PORTFOLIOLIABILITYLIQUIDITYLIQUIDITY FACILITYLIQUIDITY MANAGEMENTLIQUIDITY RISKSLOANLOAN LOSS PROVISIONSLONG-TERM DEBTMACROECONOMIC ENVIRONMENTMACROECONOMIC POLICIESMACROECONOMIC POLICYMACROECONOMIC STABILITYMACROECONOMIC STABILIZATIONMARKET CAPITALIZATIONMARKET CONDITIONSMARKET CONFIDENCEMARKET DEVELOPMENTSMARKET DISCIPLINEMARKET PARTICIPANTSMARKET RISKMATURITIESMONETARY POLICYMORAL HAZARDMUTUAL FUNDSNATIONAL BANKNATIONAL DEPOSITORYNON-PERFORMING LOANSNONPERFORMING LOANSOPERATIONAL RISKSOUTSOURCINGPAYMENTS SYSTEMPAYMENTS SYSTEMSPENSIONPENSION FUNDPENSION FUNDSPENSION REFORMPENSION SYSTEMPLEDGESPORTFOLIOPORTFOLIO INFLOWSPORTFOLIOSPRIMARY DEALERPRIVATIZATIONPROFITABILITYPUBLIC AGENCIESPUBLIC ENTERPRISESRAPID GROWTHRATE OF RETURNREFORM PROGRAMREGULATORREGULATORY FRAMEWORKREGULATORY FRAMEWORKSRESERVERESERVE BANKRESERVE BANK OF INDIARETAIL MARKETRISK MANAGEMENTRISK MANAGEMENT SYSTEMSRISK MEASUREMENTRULES FOR MARKETSAFETY NETSECURITIESSECURITIES MARKETSSECURITIES REGULATIONSETTLEMENTSHAREHOLDERSHORT MATURITYSOLVENCYSTRATEGIC INVESTORSTRATEGIC INVESTORSSUPERVISORY AGENCIESSUPERVISORY AGENCYSUPERVISORY AUTHORITIESSUPERVISORY AUTHORITYSUPERVISORY BOARDSSYSTEMIC RISKSTAXTAX TREATMENTTRADINGTRADING SYSTEMSTRANCHESTRANSMISSION OF MONETARY POLICYTRANSPARENCYTREASURYVOLATILITYWHOLESALE MARKETYIELD CURVEWorld Bank10.1596/15952