KNF prepares to conclude settlements concerning franc loans
14:20
The Polish Financial Supervision Authority (KNF) is getting ready for increased interest in settlements between banks and clients related to credits made in Swiss Francs, primarily by increasing the potential of the KNF’s Arbitration Court Mediation Center, the agency told PAP.
It explained that this work consists, among other things, in “preparing mediators to conduct an increased number of mediation proceedings concerning this specific category of disputes in the financial market.”
According to the Commission, “it is no secret that banks have adopted a wait-and-see attitude to the SN ruling.” “UKNF stressed from the beginning that the +project+ of settlements is voluntary and UKNF has no mandate to apply any +coercive measures+ in this matter. It is the banks’ corporate bodies that take responsibility for the subsequent consequences of the chosen strategy. We welcome the first corporate decision (of PKO BP) to join the scheme (as a positive signal for the whole market) and we hope that more will follow soon,” the Commission said. - the Commission indicated.
The process of offering settlements to the clients who took out loans in Francs by the banking sector has been slowed down in anticipation of the ruling on the foreign currency loans by the full panel of the Civil Chamber of the Supreme Court.
