KNF turns to Marek Belka to summon financial stability committee on FX mortgages

The Polish Financial Supervision Authority (KNF) has asked Marek Belka, the head of the NBP, to summon a financial stability committee to discuss the issue of FX mortgages, KNF head Andrzej Jakubiak told PAP. According to Jakubiak, KSF, along with the Polish Bank Association (ZBP), should patronize (sponsor) the creation of a new project that would solve this issue. "If we were to seek a solution, the persons covered by such a solution should meet two criteria: LtV (loan-to-value) above 100 percent and DTI (dept-to-income) above 60 percent," the KNF head announced. "That would allow sticking to the rule that help is granted to those who have actual problems." Earlier, NBP bank member Adam Glapiński said that the NBP expects the new law to guarantee the stability of the banking sector.