KNF wants recognition of PKO BP as an institution of systemic importance

The Committee of Financial Oversight (KNF) turned to the Committee of Financial Stability with a request of giving an opinion concerning the possibility of establishing PKO BP as a  institution of systemic importance. This status would impose on the bank a buffer preventing it of having a total risk exposition exceeding 0.75 percent , PKO BP reported. "KNF, in the proceedings conducted with the goal of establishing the bank as a other institution of systemic importance ("O-SII") [...] has turned to the  Committee of Financial Stability requesting and opinion on that case."  the statement read. " The end procedure will be announced in a separate statement."