Regulation and Self-regulation in Banking : in Search of Optimum

• Autorzy: Monika Marcinkowska
• Języki publikacji: EN

Abstrakty

EN

The paper explores the nature of regulation in the banking sector and considers the following regulatory continuum: from free banking through self-regulation to supervisory regulation. Because the state's responsibility for the functioning of the financial system requires the state to enact laws forming the system's legal framework, laissez-faireism in banking is not possible. Nevertheless, the modern regulatory dialectics - liberalisation and deregulation alternating with re-regulation - brings up the issue of possible advantages and disadvantages (benefits and costs) of the two approaches for the economy. Overregulation is costly, but lenient regulations may undermine economic stability. This means that a subtle balance between under-regulation and overregulation in the banking sector should be sought. There is a need for well-balanced proportions of legal standards and voluntary, negotiated rules. As perfect regulations do not exist, an effective and generally accepted legal framework must be created for the banking system, strengthened by the imperatives of ethics. (original abstract)

Słowa kluczowe

PL

Sektor bankowy; Nadzór bankowy; System finansowy; Polityka regulacyjna

EN

Banking sector; Bank supervision; Financial system; Regulatory policy

• Czasopismo: Bank i Kredyt
• Rocznik: 2013
• Numer: nr 2
• Strony: 119-158

Twórcy

autor

Monika Marcinkowska

• University of Lodz, Poland

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• UKNF (2011a), Stanowisko UKNF z dnia 28 października 2011 r. w sprawie polityki zmiennych składników wynagrodzeń osób zajmujących stanowiska kierownicze w banku, http://www. knf.gov.pl/Images/stanowisko_w_s_uchwaly_258_2011_tcm75-28175.pdf.
• UKNF (2011b) Stanowisko UKNF z dnia 23 grudnia 2011 r. w sprawie interpretacji uchwał KNF w zakresie polityki zmiennych składników wynagrodzeń osób zajmujących stanowiska kierownicze w banku, http://www.knf.gov.pl/Images/stanowisko_dot_uchwal_ws_ wynagrodzen_23_12_2011_tcm75-28896.pdf.
• Ustawa z dnia 23.08.2007 r. o przeciwdziałaniu nieuczciwym praktykom rynkowym, Dz.U. nr 171, poz. 1206.
• Ustawa z dnia 29.08.1997 r. - Prawo bankowe, Dz.U. nr 72, poz. 665, z późn. zm.
• ZBP (2011), Zasady dobrej praktyki bankowej, Związek Banków Polskich, Warszawa, http://www. zbp.pl/site.php?s=MDAwMTk4.