The adjusting and overseeing institutions of the financial market. Chosen aspects
Jarosław W. Przybytniowski
The John Paul II Catholic University of Lublin , Polandhttps://orcid.org/0000-0001-6164-2953
Abstract
The countries of European Union posses a diff erent solutions In range of financial markets supervision. Not all sectors of financial market are subject of supervision and control. The need of supervision and control of sectors is the result of asymmetry of information concurrence. The ideal solution will be create the uniform and integrated supervision of financial market. The integrated model of supervision means that the control over the all segments of financial market is concentrated at one institution. In 11 European Union countries functions the national and integrated supervision and this solutions is being to more popular at last years. The sector model is the alternative for this solution. In sector model supervision and control of individual segments belongs to diff erent institutions. In Polish financial system the sector model existed till 19 September 2006. The Committee of Financial Supervision (KNF) which is a integrated for of supervision took over the competences of Committee Of Stocks and Stocks Exchanges (KPWiG) and Committee of Insurance Supervision and Retirement Funds (KNUiFE) and with day 31 of December 2007 also from General Inspector of Bank Supervision (GINB). The destination of supervision is assurance the correct kelter of financial system, stability, safety, transparency and confidence to the market. The main worry of supervisors over the insurance and bank market is protection of customers of banks and insurance companies. The co-operation of Committee of Supervision with European Union institutions holds across the participation in process of realization the executive competences of European Committee, in which are involved the European Union Countries. This share has a authority and advisory character and it take place across the participation in committees on regulating or advisory status. The internal structure of supervision proces creates instruments as well as the object of supervision. The observation of changes in process of holding the supervision over the market of insurance services shows on growth its mean ing. It is connected with new law regulations accepted by EU, connected with reinsurance sector, communication insurances and insurance intermediary. The every changes in supervision proces serves to protection of consumer rights as well as limitation to minimum the risk of insolvency.
Keywords:
rynek finansowy, nadzór, model sektorowy, instrumenty i przedmiot nadzoruReferences
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The John Paul II Catholic University of Lublin https://orcid.org/0000-0001-6164-2953
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This work is licensed under a Creative Commons Attribution 4.0 International License.
This work is licensed under a Creative Commons Attribution 4.0 International License.