Recent Changes in the Polish Deposit Guarantee Scheme
Recent Changes in the Polish Deposit Guarantee Scheme

Author(s): Łukasz Szewczyk
Subject(s): Supranational / Global Economy, Financial Markets, EU-Legislation
Published by: Masarykova univerzita nakladatelství
Keywords: deposit guarantee scheme; global financial crisis; resolution; financial stability;
Summary/Abstract: Deposit guarantee scheme is an important pillar of every modern financial safety net. During the global financial crisis, those schemes have undergone significant changes, which were the result of the need to cope with challenges caused by the recent crisis. In Poland, deposit guarantee scheme, which was established in 1994, plays an important role in providing financial stability in the financial system. In the new financial rules, introduced by the EU Deposit Guarantee Scheme Directive (2014/49/EU), some important changes have been introduced into its functioning, to provide greater level of harmonization of solutions between systems within EU. The main objective of this study is to present the most important changes introduced into Polish deposit guarantee scheme and to show some of the possible consequences of these changes for the Polish banking sector. A main research method used in this paper will be critical analysis of the literature connected with this subject and reports issued by the Polish deposit guarantee scheme. Results of this research will help to understand current problems of deposit protection in the Polish banking system.

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