Polish mortgage law has ‘significant adverse effects’

Adobestock_polish_zloty_230x150
By Bill Thornhill, Tom Brown
15 Aug 2019

A draft Polish law, requiring the written consent of property owners to transfer mortgages, would have “significant adverse effects on Polish banks’ funding” said the European Central Bank, with respect to the covered bond and securitization markets. However, a legal expert said there would be no direct impact on covered bonds.

At the request of the Polish parliament the ECB was asked to give an opinion on the draft which, according to legal experts, is understood to be an amendment of Article 95 of Poland’s Banking Law that was submitted by a minority group of parliamentarians on June 12. ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.