Regulatory Alerts2022-01-01
Recommendation A on the Management by Banks of Risks Related to Derivative Instruments Activities
The Polish Financial Supervision Authority (KNF) issued Recommendation A to establish supervisory expectations for banks managing risks associated with derivative instruments activities, applying to domestic banks and foreign branches. The document mandates robust governance structures, comprehensive risk identification and measurement systems, and strict adherence to MiFID II and PRIIP regulations for client protection. Banks are required to fully implement these standards by December 31, 2023, ensuring proportional alignment with their specific risk profiles and operational scales.
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