The Polish Financial Supervision Authority plans to use a new tool

On Tuesday, the Polish Financial Supervision Authority (PFSA) published the Supervisory Priorities of the Polish Financial Supervision Authority for 2025. He presented his assumptions and goals for the next year. They concern the banking, capital and insurance sectors.

In addition to using artificial intelligence in supervisory activities in the field of data analysis and processing, the Polish Financial Supervision Authority also plans to supervise the crypto-asset market. It intends to introduce monitoring of the regulatory environment in the field of cryptoassets in order to implement new provisions into national law and take into account new solutions in supervisory practices.

It also intends to adapt supervisory processes in the field of counteracting money laundering and terrorism financing for new types of entities from the crypto-asset market sector, specifying “necessary and adequate analytical and control activities, taking into account a risk-based approach”.

Moreover, the Office plans to participate in work on initiatives aimed at developing the capital market and making its product offer more attractive.

“These initiatives and works concern in particular the regulation of new investment products offered by financial market entities, such as ETFs or REITs, and solutions supporting the development of the so-called private market, which is aimed in particular at increasing the scale of investments in projects at the early stages of development by innovative or technological nature” – stated in the priorities.

The Polish Financial Supervision Authority also plans to shape the practice of applying law in areas key to the functioning of the financial market, promote systemic settlement of matters, and take part in the discussion on the future of capital markets in the EU.

With regard to the banking sector, the supervisory priorities of the Polish Financial Supervision Authority include the correct calculation of capital requirements for credit and operational risk, risk management of selected banking products and services and their distribution, risk management interest rate in the banking portfolio in the context of protection against excessive risk exposure and preparation for liquidity risk management in crisis situations.

In turn, in relation to the capital sector, the office's priorities are: fulfillment of information obligations towards the client, in particular in terms of ex post cost information; implementation of best execution obligations, with particular emphasis on the execution of client orders outside the regulated market; reliability of information published by supervised entities, in particular compliance of investment funds with the positions of the Polish Financial Supervision Authority; adaptation of supervised entities to the Act of August 16, 2023 amending certain acts in connection with ensuring the development of the financial market and the protection of investors in this market (ASI/ZASI ​​- alternative investment companies and managers of alternative investment companies).

According to the Polish Financial Supervision Authority, the supervisory priorities for 2025 for the insurance sector are: solvency of insurance and reinsurance undertakings, quality of insurance products and their service, quality of distribution of insurance products and strengthening supervision over the investment activities of insurance and reinsurance undertakings.