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End of the term of office of the head of the Polish Financial Supervision Authority. Prime Minister Mateusz Morawiecki is to choose a successor

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The term of office of the Chairman of the Polish Financial Supervision Authority, Jacek Jastrzębski, expires on Thursday, November 23. Prime Minister Mateusz Morawiecki previously announced that a new head of the Polish Financial Supervision Authority would be appointed today.

– The nomination will be made on the day on which the term of office of the chairman of the Polish Financial Supervision Authority ends – said the head of government on Monday.

End of the term of office of the head of the Polish Financial Supervision Authority

This week, unofficial reports appeared in the media that Jacek Jastrzębski will continue his mission of supervising the Polish Financial Supervision Authority and will be appointed for another term. The media also reported that the candidacy of Beata Daszyńska-Muzyczka, who is currently the president of Bank Gospodarstwa Krajowego, is being considered. It was also suggested that Renata Oszast, currently Director General of the Polish Financial Supervision Authority, may become the new head of the Commission.

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Jacek JastrzębskiPAP/Adam Warżawa

The Chairman of the Commission is appointed by the Prime Minister for a five-year term. Mateusz Morawiecki appointed the current chairman as the head of the Polish Financial Supervision Authority on November 23, 2018.

Pursuant to the Act on Financial Market Supervision, the Prime Minister may dismiss the Chairman of the Commission before the end of the term of office only in the event of: a final conviction for an intentional crime or tax crimeresignation from the position, loss of Polish citizenship or loss of ability to perform entrusted duties as a result of long-term illness lasting longer than three months.

Read also: This may be the last position that PiS will fill

About the Polish Financial Supervision Authority

The Polish Financial Supervision Authority supervises the banking sector, capital, insurance and pension markets, as well as supervision over payment institutions and payment service offices, electronic money institutions and the cooperative credit unions sector.

The tasks of the Commission also include taking actions aimed at the proper functioning of the financial market, taking actions aimed at the development of the financial market and its competitiveness, undertaking educational and information activities regarding the functioning of the financial market, participating in the preparation of draft legal acts in the field of financial market supervision, creating possibilities of amicable and conciliatory settlement of disputes between financial market participants.

The purpose of financial market supervision is to ensure the proper functioning of this market, its stability, security and transparency, trust in the financial market, as well as to ensure the protection of the interests of market participants.

The activities of the Commission Office are supervised by the Prime Minister.

Main photo source: Shutterstock



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