IN POLAND

Bank – head of bank should be registered in Poland

Instytucja kredytowa – abroad ?

Instytucja finansowa – are the subject of the lecture

Poland has bank-oriented system.

Banking system – the structural network of institutions that offer financial services within a country.

3 most important institutions in every banking system:

• Central bank

• Banking supervision

• Bank guarantee fund

Cooperative bank – spółdzielczy bank. Smaller assets, different goals.

Banking system in Poland is regulated by The Banking Act

http://www.nbp.pl/en/aktyprawne/thebankingact.pdf

no banking system before 1989

Poland too retarded to care about the crsisi