Three Polish lenders may be running capital adequacy ratio below 12 percent along with Tier 1 capital of more than 9 percent, according to Poland’s Financial Supervisory KNF. While insisting the Polish financial sector remains strong, Andrzej Reich of the KNF points out that capital adequacy ratios remain lower than the EU average. He says this has pushed the government to create a new supervisory board, led by the Polish National Bank, called the Systemic Risk Board. The national bank will play a key role once the new supervisory system is implemented. In the meantime, European Banking Authority (EBA) has recommended stress-tests for sixteen Polish bank, which are set to start in April.
