Risk Management In The Polish Financial System

Author : Marian Noga
Publisher : Springer
ISBN 13 : 1137549025
Total Pages : 261 pages
Book Rating : 4.20/5 ( download)

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Download or read book Risk Management in the Polish Financial System written by Marian Noga and published by Springer. This book was released on 2015-10-21 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: With globalisation comes an increase in the threat from systemic risk. As national economies become more globally entwined many argue that insufficient attention is being given to systemic risk; a principal contributor to recent economic crises. Focusing on the Polish financial system, this book addresses this critical issue within a global economic context. It advocates that accurate risk management practices and appropriate micro and macroeconomic policies can be created and maintained in order to manage systemic risk at both a national and international level. The book reviews current systemic risk management practices, analysing stability and existing micro- and macroprudential policies, before examining the current risks involved in investing in financial instruments and those associated with investing in stock exchanges. It offers suggestions for the effective implementation of a well-designed public policy, through well managed fiscal and monetary policies, and reflects the roles of households and companies in planning, organizing, and controlling socio-economic activity to control risk. Risk Management in the Polish Financial System aims to redefine the taxonomy of systemic risk, offering practical and regulatory socio-economic processes which can be applied to current risk management practices, as well as provide a risk map for the years to come.

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451831897
Total Pages : 75 pages
Book Rating : 4.94/5 ( download)

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Download or read book Republic of Poland written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-06-18 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report on Financial System Stability Assessment analyzes the financial sector issues, the regulatory and supervisory framework, macroeconomic risks, and the soundness of the financial system of Poland. This paper also describes the assessments of the banking, insurance, and securities regulations, and of the systemically important payment systems, as well as an assessment of the observance of the code of good practices on transparency of monetary and financial policies, and the great progress made in assimilating international best standards and practices.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
ISBN 13 : 1484397835
Total Pages : 41 pages
Book Rating : 4.31/5 ( download)

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Download or read book Republic of Poland written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2013-07-23 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper on the Republic of Poland’s Financial System Stability Assessment highlights economic policies and development. Skillful policy management and sound fundamentals have allowed the economy to weather the global financial crisis, and the euro area turmoil. Risk drivers include slow growth abroad and domestically, rising unemployment, and declining residential real estate prices. Vulnerabilities lie in interconnectedness with the euro area, and exposure to foreign exchange risk and foreign investors, which in turn may pressure bank funding, especially in the absence of long-term domestic funding sources. Stress tests suggest that vulnerabilities are not likely to become systemic, though some pockets of weakness were identified.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
ISBN 13 : 1498313094
Total Pages : 26 pages
Book Rating : 4.94/5 ( download)

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Download or read book Republic of Poland written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-05-09 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Technical Note on Macroprudential Policy Framework for the Republic of Poland highlights that the present macroprudential policy framework provides a sound basis for macroprudential oversight of the financial system and was established by law in November 2015. Its relatively recent establishment implies that practical experience with the conduct of macroprudential policy under the framework is still limited. Initial experience is favorable, however, it remains to be seen how the framework will function under more challenging circumstances. The Financial Stability Committee—Macroprudential (FSC-M) has recommended a variety of measures to provide incentives for voluntary restructuring of foreign exchange housing loans extended by Polish banks. It is recommended that the FSC-M further strengthens its communication in order to increase transparency and accountability, considers a more active use of targeted statements as a policy instrument, and increases the involvement of external experts in the preparation of its meetings.

Author : Marian Noga
Publisher : Springer
ISBN 13 : 1137549025
Total Pages : 261 pages
Book Rating : 4.20/5 ( download)

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Download or read book Risk Management in the Polish Financial System written by Marian Noga and published by Springer. This book was released on 2015-10-21 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: With globalisation comes an increase in the threat from systemic risk. As national economies become more globally entwined many argue that insufficient attention is being given to systemic risk; a principal contributor to recent economic crises. Focusing on the Polish financial system, this book addresses this critical issue within a global economic context. It advocates that accurate risk management practices and appropriate micro and macroeconomic policies can be created and maintained in order to manage systemic risk at both a national and international level. The book reviews current systemic risk management practices, analysing stability and existing micro- and macroprudential policies, before examining the current risks involved in investing in financial instruments and those associated with investing in stock exchanges. It offers suggestions for the effective implementation of a well-designed public policy, through well managed fiscal and monetary policies, and reflects the roles of households and companies in planning, organizing, and controlling socio-economic activity to control risk. Risk Management in the Polish Financial System aims to redefine the taxonomy of systemic risk, offering practical and regulatory socio-economic processes which can be applied to current risk management practices, as well as provide a risk map for the years to come.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
ISBN 13 : 1498313159
Total Pages : 78 pages
Book Rating : 4.55/5 ( download)

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Download or read book Republic of Poland written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-05-09 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Technical Note on Stress Testing and Systemic Risk Analysis for the Republic of Poland discusses that Poland’s financial system is dominated by the banking sector, with significant state participation and foreign ownership. The banking system shows resiliency to adverse shocks in the aggregate, however, some other systemically important institutions (OSIIs) show weakness. While the adverse retail event had a limited impact, the wholesale event affected some large banks in the system. Interbank analyses showed that any destabilization to affiliating banks could cause severe distress to the affiliated cooperative banks. This finding strengthens the reasons for the authorities to address identified weaknesses in the affiliating banks. Moreover, banks large holdings of sovereign bonds and the substantial presence of state-controlled banks cause a significant sovereign-bank nexus in Poland. In order to avoid incentives for banks to hold sovereign debt, the Financial Sector Assessment Program team recommends that the Financial Institution Asset Tax is redesigned on grounds of both financial stability and efficiency.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
ISBN 13 : 149831323X
Total Pages : 55 pages
Book Rating : 4.30/5 ( download)

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Download or read book Republic of Poland written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-05-09 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: This technical note provides an update and an assessment of the development of regulation and supervision of the Polish insurance sector since an assessment concluded in 2012. The note is part of the Poland 2018 Financial Sector Assessment Program (FSAP) and draws on discussions in Poland from January 8 to 20 and May 8 to 21, 2018. Most recommendations of the 2012 FSAP insurance assessment have been implemented. The current FSAP did not carry out a detailed assessment of compliance with the IAIS Insurance Core Principles (ICPs). Nonetheless, it is clear that implementation of the EU Solvency II Directive in 2016 has significantly strengthened regulation and supervision, introducing risk-based capital standards, comprehensive insurance group supervision, and new requirements on the suitability of key persons, risk management, and controls. The supervision of intermediaries has also been strengthened in line with a 2012 FSAP recommendation, and further improvements were to take effect in late 2018. Unlike in many EU countries, Solvency II was implemented without significant increases in staff numbers.

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451832028
Total Pages : 56 pages
Book Rating : 4.20/5 ( download)

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Download or read book Republic of Poland written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-03-09 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This technical note for the Republic of Poland on competition and performance explains the Polish pension system and domestic capital market. Competition policies may need to be reviewed, in particular the combination of measures to maintain small pension funds operating while imposing strict caps on fees. If the government decides to continue pursuing policy of promoting competition in returns while reducing fees further, it may need to consider more structural changes in the second pillar, along the lines of the Swedish model.

Author : Philip Linsley
Publisher : Springer
ISBN 13 : 3030160459
Total Pages : 313 pages
Book Rating : 4.56/5 ( download)

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Download or read book Multiple Perspectives in Risk and Risk Management written by Philip Linsley and published by Springer. This book was released on 2019-04-16 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: This proceedings book presents a multidisciplinary perspective on risk and risk management. Featuring selected papers presented at the European Risk Research Network (ERRN) 8th European Risk Conference “Multiple Perspectives in Risk and Risk Management” held in Katowice, Poland, it explores topics such as risk management systems, risk behaviors, risk culture, big data and risk reporting and regulation. The contributors adopt a wide variety of theoretical approaches and either qualitative or quantitative methodologies. Contemporary companies operate in a highly dynamic environment, accompanied by the constant development of the information technology, making decision-making processes highly complex and increasing the risk related to company performance. The European Risk Research Network (ERRN) was established in 2006 with the aim of stimulating cross-disciplinary research in the area of risk management. The network includes academics and industry experts from the fields of accounting, auditing, financial economics and mathematical finance. To keep the network lively and fruitful, regular “European Risk Conferences” are organized to present papers from a broad spectrum of risk and risk management areas. Featuring contributions for Italy, South Africa, Germany and Poland, this proceedings book is a valuable reference resource for students, academics, and practitioners in risk and risk management

Author : Lucjan T. Orlowski
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.02/5 ( download)

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Download or read book The Development of Financial Markets in Poland written by Lucjan T. Orlowski and published by . This book was released on 2009 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This project analyzing the development of Polish financial markets sponsored by the USAID grant was aimed at examining selected problems of the banking system and financial markets in Poland. The main criterion for selection of these problems was their potential usefulness for policy-makers at the present stage of the economic transformation. The studies within the project address the issues that require special attention of policy-makers in their efforts to design future stages of the economic transformation and to formulate a program of effective preparations for the EU accession. The topics examined include: the advancement of risk management in the banking system, the economic and legal aspects of capital account liberalization,contagion effects of world financial crises, and sensitivity of financial markets to exchange rate policies. The studies find visible improvements in the methodology of risk management in the banking system in Poland and in the institutional framework of financial markets. It is further suggested that a larger participation of foreign, more experienced banks would improve efficiency of Poland's financial institutions. It remains debatable whether the banks ought to evolve in the directions of universal or specialized institutions. The financial system is prone to contagion effects of external financial crises as documented by the impact of the Asian and the Russian crisis episodes. Several measures aimed at developing an effective cushion against potential contagion effects of financial crisis are proposed. They include: an effective system of bank monitoring and supervision, a lower reliance on debt in relation to equity, a low (less than a multiple of three) ratio of M2 money to foreign exchange reserves, a higher degree of transparency of financial institutions, more transparent fiscal and monetary policies, and a significant increase in national savings. The advancement of capital account liberalization shall not be restrained by taxes on foreign exchange transactions or by similar measures aimed at containing capital flows. Capital controls could be devastating to still very fragile and volatile Polish financial markets.