Poland’s position in the ranking of financial centre competitiveness has been steadily declining for years. In the latest edition of the Global Financial Centres Index, published in March 2024, Warsaw was ranked a distant 96th out of 121 financial centres worldwide.
One of the key areas assessed in the ranking is the friendly regulatory environment: regulations not only directly determine the way financial institutions operate and the mechanisms for protecting consumers and creditors, but also have an impact on the assessment of Poland’s investment attractiveness. Is the Polish regulatory framework sufficiently transparent, stable and predictable to inspire investor confidence? Do they stimulate innovation in the financial sector and encourage the choice of Poland as an authorisation jurisdiction for financial and capital market activities?
How much freedom is left by European Union regulations to define the framework for capital market activities and do the new capital markets union (CMU) initiatives offer an opportunity to improve the competitiveness of the Polish capital market?
Key issues:
What are the key regulatory barriers to financial market development in Poland?
How to ensure that regulation improves the competitiveness of the Polish financial sector and makes it more attractive to global financial services providers?
What are the lessons for market participants and regulators from implementing the Capital Market Development Strategy and benchmarking against other jurisdictions? How to define new development strategies for Poland as a financial centre?
In a rapidly changing landscape of global financial centres and heightened competition, can we still afford goldplating of EU regulations? How to avoid Poland’s peripherality in the new economic order?
Is the Polish regulatory environment likely to become an attractive alternative for foreign players?
What strategic changes does the Future Finance Poland Capital Market Group propose?
Aim of the debate
The aim of the debate will be to formulate the EKF’s recommendations in the area of improving the regulatory framework to make Poland more attractive as one of the key financial centres for investors.
