Paweł Borys for 300: The Prime Minister has opted for a professional, a significant step to enhance efficiency and strengthen the KNF's reputation

23/11/2018

14:42

Michał Olech

Prof. Jacek Jastrzębski is a person of very high repute, though perhaps less publicly known. A top-class independent specialist. He combines legal knowledge as a professor at the University of Warsaw and economic knowledge as an SGH graduate, along with practical experience and theory. He is one of the younger professors at the University of Warsaw, speaks three languages fluently, and completed additional legal studies in the United States - stated Paweł Borys in an interview with 300POLITYKA, commenting on the appointment of the new head of the KNF. He added:

"He perfectly understands the situation in the financial sector and global regulatory trends. For 10 years, he worked at PKO Bank Polski – which was recently recognized as the most stable bank in Europe – as the deputy director of the legal department, and on this occasion, I had the opportunity to observe his work and the highest standards he adhered to. Prime Minister Mateusz Morawiecki has opted for a professional, which is a significant step to enhance the efficiency and strengthen the KNF's reputation. In my opinion, this should close the so-called 'KNF affair,' as the office has a competent head, although, of course, the matter of the previous KNF head's conversation with Mr. Leszek Czarnecki requires full clarification."

- The new chairman of the KNF faces difficult tasks in strengthening supervision over the financial market and ensuring the limitation of emerging risks within it. However, it is worth emphasizing that the Polish banking sector is safe due to the high capital and good liquidity of the banks, and there are no systemic risks within it, as the existing risks are limited to a few selected institutions - the president of PFR told 300POLITYCE.

Michał Olech

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