ADMINISTRATIVE, LEGAL AND SUPERVISORY DETERMINANTS OF GLOBALIZATION OF FINANCIAL MARKETS AND THE BANKING SYSTEM IN POLAND Cover Image

ADMINISTRACYJNE, PRAWNE I NADZORCZE DETERMINANTY PROCESÓW GLOBALIZACJI RYNKÓW FINANSOWYCH I SYSTEMU BANKOWEGO W POLSCE
ADMINISTRATIVE, LEGAL AND SUPERVISORY DETERMINANTS OF GLOBALIZATION OF FINANCIAL MARKETS AND THE BANKING SYSTEM IN POLAND

Author(s): Sylwia Gwoździewicz, Dariusz Prokopowicz
Subject(s): Law, Constitution, Jurisprudence, Supranational / Global Economy, Socio-Economic Research
Published by: Międzynarodowy Instytut Innowacji "Nauka - Edukacja - Rozwój"
Keywords: globalization; the financial system; financial market regulation; law; banking supervision

Summary/Abstract: Since the early 90s of the last century, the growing importance of globalization processes in Poland, executing in the field of socio-economic and cultural unification of the community has been observed. Due to the ongoing process of the transformation of the Polish economy, this process was also determined successively increasing integration of financial markets and the development of ICT. Currently operating in Poland, the financial system and the banking sector is one of the most globalized sectors of the economy. This process has been intensified Polish accession to the European Union in 2004. High scale of financial markets globalization in Poland was visualized during the recent financial crisis 2008 years. The process of globalization of financial markets and the banking system in Poland is determined mainly by factors such as administrative and supervisory functions of central banking and supervisory bodies in the financial system and to adapt legal norms to the standards of Western developed countries.

  • Issue Year: 2/2015
  • Issue No: 2
  • Page Range: 203-216
  • Page Count: 14
  • Language: Polish
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