What does the Financial Supervision Commission do?
Let us point out that the Committee on Financial Supervision, as the name suggests, supervises financial institutions in Poland, within the meaning of European Union legislation. It was created by the provisions of the Act of 21 July 2006 on the supervision of the financial market.
What happens if there is no fresh government by November 23?
As we know, in Polish politics there are large changes in the arrangement of forces in parliament. Almost everything indicates that the fresh government will form the KO coalition, the 3rd Way, the Left. The point is that the end of the word of office of the Sejm will be accompanied by the final phase of the five-year word of office of the current head of the KNF, who is expected to service until 23 November. any wonder why president Andrzej Duda is stalling and knowing that the PiS has small chance of getting a parliamentary majority and forming a government, he did not declare that he would entrust the task of creating a fresh cabinet immediately to the leader of the democratic opposition. possibly this is the consequence of the behind-the-clock findings of the head of state and prime minister, because, for example, in the case of the KNF, we know that if no fresh government is formed by 23 November, the fresh head of this institution will be elected by Prime Minister Morawiecki or his successor appointed by the president (President Duda will most likely choose the first variant). It is highly likely that the current president of the Council of Ministers of the Law and Justice will decide.
The Constitution indicates that the first gathering of the fresh parliament must take place no later than 30 days after the elections, and thus until 14 November. On the day of the meeting, the incumbent government resigns.
Five-year word of office of head of KNF
Current KNF president Jacek Jastrzębski can execute this function until his successor is appointed. However, it should be noted that PiS will most likely want to inform the fresh government and choose the fresh head of the KNF himself. Importantly, if this happens, it is likely that no 1 will be able to introduce a rosade in this position legally for 5 years.
"The president of NBP is in practice irrevocable – it can only be replaced if he breaks the law," he emphasises.
Although the law lists 4 cases, apart from death, erstwhile the word of office of the president of the KNF may end within 5 years, but they are highly rare:
The president of the Council of Ministers shall dismiss the president of the Commission before the end of his word of office only in the case of:
– final conviction for intentional crime or taxation offence,
– resignation,
– failure of Polish citizenship,
– failure of ability to carry out the duties entrusted to you as a consequence of a long-term illness lasting more than 3 months.
However, let us remind that before prof. Jastrzębski became president of KNF, his predecessor Marek Chrzanowski resigned in 2018. This was the wake of suspicions of his taking a bribe, but yet Chrzanowski was not convicted. To be removed from office, he had to be persuaded to resign.
The current president is apolitical
Interestingly, the current president of KNF Jacek Jastrzębski, prof. of law from the University of Warsaw, whose word of office will shortly come to an end, was apolitical. However, there is simply a hypothesis that since the governments of the Law and Justice are already at an end, Prime Minister Morawiecki can conclude that this institution should be utilized to accomplish political goals after moving to the opposition.
The name exchange has already started. The money.pl service states that Prime Minister Morawiecki assured Jastrzębski before the elections that he could number on another term. However, speculation has continued and the name Beata Daszyńska-Musiczka, the current president of Bank Gospodarstwa Krajowego, who is simply a trusted Prime Minister, appears more and more frequently.
Who can be president of the KNF?
The chair of the KNF must meet the following requirements: higher education, cognition and professional experience in terms of supervision of the financial marketplace in Poland, a minimum of 3 years of seniority in managerial positions and the absence of penalties imposed for intentional crime or taxation offence. It is crucial that akin criteria must be met by his deputies, besides appointed by the Prime Minister at the request of the head of the KNF, only that the president of that institution is indicating them.
The opposition may have a problem with the change of company presidents
Representatives of the future government coalition before the election assured the public that they would want to "clean up" after the Law and Justice in the State Treasury companies, making crucial personnel changes. The point is that shuffling on the boards of state-controlled banks, which are besides those companies, can be torpedoed due to the fact that the KNF approves the election of the board, including the President. Thus, if the Law and Justice Service ensures that the next word of office is elected by its chairman, the fresh government may have a immense obstacle.
Other KNF members may change
When there is simply a change of government, abstrate from the president of the KNF, another people can say goodbye to this institution. The KNF besides includes representatives of ministries and prime minister, president, National Bank of Poland, Bank warrant Fund or Office for Competition and Consumer Protection.
![Nielisz: Power Sobótka. największą popularnością cieszyły się koncerty [ZDJĘCIA]](https://static2.kronikatygodnia.pl/data/articles/xga-4x3-nielisz-power-sobotka-najwieksza-popularnoscia-cieszyly-sie-koncerty-zdjecia-1751631617.jpg)
