Podstawy odpowiedzialności cywilnej krajowych organów nadzoru finansowego w świetle doświadczeń zagranicznych
An overview of the civil liability framework of national financial supervisors (in the light of foreign experience)

Summary/Abstract: The article reviews legislation and case law in European states regarding claims of individuals and shareholders who seek monetary compensation against public authorities for failure to supervise financial market and its institutions. The author presents the evolution of the standard of liability in Poland and selected other countries. The doctrine of the protective purpose of legal rules and its impact on the extent of liability is also discussed. In this comparative context the liability of the Polish Supervisory authority is then outlined. Finally, policy arguments for and against tortious liability of financial supervisory authorities are summarised

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