Banks Call for Faster Deregulation to Boost Competitiveness and Digital Innovation

Poland’s banking sector is urging the government to accelerate deregulation, arguing that excessive regulation has reduced competitiveness and slowed innovation. According to Agnieszka Wachnicka, Vice President of the Polish Bank Association (ZBP), deregulation is essential to balance security requirements with banks’ ability to operate flexibly and invest in digital services.

“Deregulation is a very necessary step. In recent years we have seen a huge inflation of legal regulations, both in…