Watchdog to prepare Polish bank ranking

The Office of Competition and Consumer Protection (UOKiK) and the Polish Financial Supervision Authority (KNF) will publish a list of leaders among lenders which provide consumer-friendly solutions for borrowers with foreign exchange loans, the Minister of Finance, Mateusz Szczurek, announced. "On the grounds of surveys we would like to present a ranking of lenders and a list of the best practices regarding foreign exchange loans," the minister tweeted on Thursday. Banks will submit to the UKOiK a weekly report on implementing spread and negative LIBOR interest rates solutions approved at the Committee of Financial Stability in January.