The government asks KNF to provide a base of CHF conversion

"The government wants to adopt a law on loans in Swiss Francs (CHF), but we still do not have full information on the mortgage loans and we hope that the Polish Financial Supervision Authority (KNF) will provide a base, which consists the costs of currency conversion," said Henryk Kowalczyk, Chairman of the Permanent Committee of the Council of Ministers. According to him, the government do not have an access to the credit information, while KNF has it. In its turn, KNF "haven't prepared the analysis precisely enough, not showing everything needed for a discussing the swiss mortgage aid". Earlier on January 15, Poland’s president, Andrzej Duda presented a draft legislation to convert existing mortgages denominated in Swiss francs into Polish zlotys to help borrowers saddled with bloating debt.