Polish Financial Supervision Authority
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Polish Financial Supervision Authority
The Polish Financial Supervision Authority (PFSA) ( pl, Komisja Nadzoru Finansowego (KNF)) is the financial regulatory authority for Poland. Its responsibilities include oversight of banking, capital markets, insurance, pension scheme and electronic money institutions. History The KNF was formed on 19 September 2006 pursuant to the Financial Market Supervision Act of 21 July 2006. The new supervisory body took over the tasks of the Insurance and Pension Funds Supervisory Commission and of the Securities and Exchange Commission (Poland), which were abolished pursuant to that act. From January 1, 2008, the second phase of the merger of financial supervision in Poland, the Polish FSA took over the powers of the Commission for Banking Supervision together with its office, the General Inspectorate of Banking Supervision. The FSA is a publicly financed entity serving as the single contact point and watchdog for all segments of the Polish financial market. It has been credited with ens ...
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Securities And Exchange Commission (Poland)
The Polish Securities and Exchange Commission, ( pl, Komisja Papierów Wartościowych i Giełd), (KPWiG) was the financial government agency responsible for supervising compliance with regulations governing honest trade and competition until 2006 when it was absorbed into the Polish Financial Supervision Authority. The KPWiG was also responsible for ensuring universal access to reliable information about security papers and other exchange commodities on the market. The KPWiG also co-operates with government administrative organs, the NBP and institutions and participants in public trading on the stock market in the area of shaping the state's economic policy. The KPWiG also continuously monitors the functioning of all investment funds. From the start of its existence it has been head by Jacek Socha. On 19 September 2006 the institution was included in the newly established Polish Financial Supervision Authority ( pl, Komisja Nadzoru Finansowego) Activities According to Art. 13 ...
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Poland
Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populous member state of the European Union. Warsaw is the nation's capital and largest metropolis. Other major cities include Kraków, Wrocław, Łódź, Poznań, Gdańsk, and Szczecin. Poland has a temperate transitional climate and its territory traverses the Central European Plain, extending from Baltic Sea in the north to Sudeten and Carpathian Mountains in the south. The longest Polish river is the Vistula, and Poland's highest point is Mount Rysy, situated in the Tatra mountain range of the Carpathians. The country is bordered by Lithuania and Russia to the northeast, Belarus and Ukraine to the east, Slovakia and the Czech Republic to the south, and Germany to the west. It also shares maritime boundaries with Denmark and Sweden. ...
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Warsaw
Warsaw ( pl, Warszawa, ), officially the Capital City of Warsaw,, abbreviation: ''m.st. Warszawa'' is the capital and largest city of Poland. The metropolis stands on the River Vistula in east-central Poland, and its population is officially estimated at 1.86 million residents within a greater metropolitan area of 3.1 million residents, which makes Warsaw the 7th most-populous city in the European Union. The city area measures and comprises 18 districts, while the metropolitan area covers . Warsaw is an Alpha global city, a major cultural, political and economic hub, and the country's seat of government. Warsaw traces its origins to a small fishing town in Masovia. The city rose to prominence in the late 16th century, when Sigismund III decided to move the Polish capital and his royal court from Kraków. Warsaw served as the de facto capital of the Polish–Lithuanian Commonwealth until 1795, and subsequently as the seat of Napoleon's Duchy of Warsaw. Th ...
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Council Of Ministers Of The Republic Of Poland
The Council of Ministers of the Republic of Poland (Polish: ''Rada Ministrów Rzeczypospolitej Polskiej'') is the collective executive decision-making body of the Polish government. The cabinet consists of the Prime minister, also known as the Chairman of the Council of Ministers, the Deputy Prime Minister, who acts as a vice-chairman of the council, and other ministers. The current competences and procedures of the cabinet are described between Articles 146 to 162 of the constitution. Nomination The process of forming the council of ministers begins with the nomination of the Prime minister by the President of Poland.Article 154, para. 1 The Prime minister will then propose the composition of the cabinet, which must then be approved by the president. Despite the president's nominating role in choosing a Prime minister and approving the composition of the cabinet, however, the presidency's role is strictly limited, as the president must respect the majority wishes of the Sejm. Garl ...
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National Bank Of Poland
The Narodowy Bank Polski (; the National Bank of Poland), often abbreviated to NBP, is the central bank of Poland, founded in 1945. It controls the issuing of Poland's currency, the Polish złoty. The bank is headquartered in Warsaw, and has branches in 16 major Polish cities. The NBP represents Poland in the European System of Central Banks, an EU organization. History Although the bank has existed under its current name since 1945, it is a continuation of two previous central banks, both named simply Bank of Poland (''Bank Polski''). The first one was founded in Warsaw in 1828 by Prince Franciszek Ksawery Drucki-Lubecki. An institution of the government of the Kingdom of Poland, it was entitled with issuance of the Polish currency as well as control over the credit rates. It was also entitled with a concession to operate foreign currencies and buy off credits issued by foreign companies and banks. During the Second World War the gold reserves of Poland were transferred to Rom ...
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Financial Services Companies Established In 2006
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ...
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Financial Regulatory Authorities
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessme ...
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Government Agencies Of Poland
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed governme ...
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