Marcin Mikołajczyk spoke at the Banking Forum organised by the Polish Bank Association (ZBP). He delivered opening remarks to the discussion on ‘Regulatory challenges faced by banks in the area of prudential policy’.

The address delivered by Marcin Mikołajczyk focused on the challenges the banking sector will be facing in the nearest future and the regulations which, as he said, are naturally associated with restrictions but in fact are to give a sense of security, stability and comfort of functioning to all market participants. 

Marcin Mikołajczyk also stated that in terms of the current condition of the sector, considering banks’ financial performance, profitability and level of capitals, the banking sector is well prepared for the future challenges, including any future needs regarding the financing of the economy in relation to energy transition or defence. In regard to the sector’s financial performance and excess liquidity, he also mentioned that the level of deposits favoured the financing of the future lending activity, and the supervisory authority expected that this would materialise.

Marcin Mikołajczyk also reminded the audience about the 2025 enforcement priorities for the banking sector, published by the UKNF in December, whose primary goal was to improve the sector’s resilience to future challenges. One of them is the recommendation on the long-term funding ratio, which aims to stabilise the market over a long time horizon. ‘We would like you to look at the regulations, including the actions taken by the supervisory authority, from a long-term perspective and search for this stability and understanding for certain actions not only in a short-term (e.g. one-year) of business goals but in the long run. It’s about the long-term perspective and about us building the stability over a long term’, he said.