PKO Bank Polski Challenges Financial Regulator Penalties
1 report, 1 independent
Updated Thu 00:00
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What happened
PKO Bank Polski introduced mortgage lending linked to the POLSTR 1M compounded rate starting September 3. The bank is currently challenging five penalties totaling 47.5 million PLN from Poland's financial regulator, KNF, which were issued in a decision dated August 5.
From capital.com
Why it matters
The bank has formally asked the regulator to reconsider the penalties. The issues relate to the bank's operations and regulatory compliance in Poland.
From capital.com
Who's involved
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The entities involved
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Poland
country in Central Europe