Poland consolidates regulation


Plans by Poland's government to consolidate supervision of its banking, stock market and insurance sector have cleared the first legislative hurdle after the lower house of parliament gave its approval, but have been met with strong criticism from industry members.

The ruling conservative party has set out a plan to unify its present triumvirate of the Securities and Exchange Commission (KPWiG), pension and insurance regulator (KNUiFE) and the banking regulator (KNB) into a new superwatchdog the

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