The polish financial supervision authority in the european union's financial supervision architecture
The polish financial supervision authority in the european union's financial supervision architecture

Summary/Abstract: The purpose of the article/hypothesis: The aim of the study is to present the relations between the PFSA and the European supervisory authorities within the European System of Financial Supervision. Using the above methods the following research thesis was formulated: The PFSA as a supervisor of the Polish financial market functions in a complex regulatory environment in the European Union, which poses a great challenge in achieving the objectives for which it was established. Methodology: The basic research method used in the paper is the dogmatic-legal method, the application of which allowed to formulate the research thesis. Moreover, the analysis of the preambles to the acts of the European Union law and the literature on the subject, especially of the representatives of the doctrine of the financial market law, were helpful. Results of the research: The shape of financial supervision architecture is changing as a result of financial market disturbances. The European Union financial market, as a part of the global financial market, is particularly susceptible to such changes. The Polish Financial Supervision Authority is a part of the integrating financial market within the Economic and Monetary Union and has to face modern challenges resulting from globalization.

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