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Published : 2018-12-21
Vol. 72 No. 3 (2018)

Regulatory Prerequisites for Operation Cooperative Banks in Poland in the Post-Crisis Period

Aleksandra Jurkowska



DOI: https://doi.org/10.26354/bb.3.3.72.2018

Abstract

Even though the Polish cooperative banks were affected by the global crisis only indirectly, yet after the crisis their condition has begun to deteriorate. This was the result of numerous changes taking place within the macroeconomic and regulatory environment. This paper is to present the regulatory prerequisites for operation of cooperative banks in Poland in the post crisis period, and to de?ine the impact of crucial post-crisis regulations passed by the EU and the domestic bodies on the competitive position, and the directions in which the organizational model of domestic cooperative banking was to evolve. The analysis comprised of selected EU and domestic legal acts (CRDIV/CRR package, the directives for DGS and BRR, PSD2, and internal tax regulations). Three conclusions were formulated on the basis of the conducted analysis: 1) the regulatory solutions to date envisaged privileges mainly for IPS members, whilst the proportionality principle was applied to a limited extent, 2) regulatory privileges make the evolution of the Polish cooperative banking organizational model towards IPS imminent, 3) coopetition with ?intechs and joint (eg at the IPS level) entry into the segment of technological innovations may contribute to the expansion of the product offering and increasing the copetitiveness of Polish cooperative banks.

Keywords:

cooperative banking, institutional protection schemes, competitive position of cooperative banks, post-crisis regulations, proportionality principle



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Jurkowska, A. (2018). Regulatory Prerequisites for Operation Cooperative Banks in Poland in the Post-Crisis Period. Safe Bank, 72(3), 54–86. https://doi.org/10.26354/bb.3.3.72.2018

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