consequences of potential incompatibility of the Methodology for assessing the suitability of members of the bodies of supervised entities published by the Polish Financial Supervision authority with the european Union law Cover Image

Konsekwencje potencjalnej niezgodności Metodyki oceny odpowiedniości członków organów podmiotów nadzorowanych opublikowanej przez Komisję Nadzoru Finansowego z prawem Unii Europejskiej
consequences of potential incompatibility of the Methodology for assessing the suitability of members of the bodies of supervised entities published by the Polish Financial Supervision authority with the european Union law

Author(s): Paweł Wajda, Marcin Krzemień
Subject(s): Law, Constitution, Jurisprudence
Published by: Polska Izba Ubezpieczeń
Keywords: Methodology of assessment of suitability of the members of the supervisory entities’ bodies; European Union law; criteria of suitability of the members of the management bodies;CRD IV Directive;

Summary/Abstract: The Methodology for assessing the suitability of members of the governing bodies of supervised enti- ties published by the Polish Financial Supervision Authority raises far-reaching doubts both in the area of its compliance with national law and its compliance with European Union law. This document, which was supposed to summarize the regulatory solutions functioning in the Polish legal system concern- ing the criteria of assessing the suitability of the members of corporate bodies of financial institutions, in practice seems to go significantly beyond the scope of the binding acts of the EU law concerning these issues (especially in the context of the insurance sector).

  • Issue Year: 2021
  • Issue No: 3
  • Page Range: 3-19
  • Page Count: 19
  • Language: Polish