The Prime Minister has appointed Jacek Jastrzębski for a new term as head of the Polish Financial Supervision Authority. Mateusz Morawiecki’s decision was confirmed by government spokesman Piotr Mueller.
– Prime Minister Mateusz Morawiecki has appointed the current chairman of the Polish Financial Supervisory Authority, Jacek Jastrzębski, for a new term – the government spokesperson said in an interview with Interia.
The five-year term of the head of Poland’s Financial Supervisory Authority expired on Thursday. The media unofficially reported earlier this week that Jastrzębski may be reappointed President of the Commission.
“Dziennik Gazeta Prawna” wrote yesterday that the final decision on the head of the Polish Financial Supervisory Authority was made on Wednesday. The opposition is looking critically at this nomination.
– Morawiecki has no right to issue decisions that will tie the hands of the next government, which will emerge in two weeks. You can see that they are concretizing their positions. This is especially painful because the Polish Financial Supervisory Authority is an important institution from the point of view of the stability of the financial system. Mr Jastrzębski, although a friend of Morawiecki, was a terrible head of the Polish financial regulator, PO’s Izabela Leszczyna told “DGP”.
Dispute over the appointment of the head of the Polish Financial Supervisory Authority. Morawiecki made a decision
As the daily highlights, the dispute over the appointment of the head of the Commission is fierce because it is one of the most important institutions influencing the economy.
“The Polish Financial Supervisory Authority supervises the banking sector, capital, insurance and pension markets, as well as the supervision of payment institutions and offices. Services payment institutions, electronic money institutions and the cooperative credit union sector. Appointing the presidents of the largest financial institutions supervised by the Commission requires the consent of the Polish Financial Supervisory Authority,” we read.
According to “DGP”, the opposition will probably want to remove Jastrzębski from his position, but for now this is not possible without changing the law.
The head of the KNF is elected by the Prime Minister for a five-year term. It can be revoked earlier in case of a final conviction for an intentional crime or a tax crime, dismissal from office or loss Polish citizenship or loss of ability to perform assigned duties due to a prolonged illness lasting more than three months.
The new old chairman of the Polish Financial Supervisory Authority, Jacek Jastrzębski, has an economics and law education. He is an associate professor at the University of Warsaw.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
