Publications Policy and Practice of Financial Markets Regulations

24 lutego 2023

This publication is an outcome of the IV Polish Congress of Financial Market Regulations that was held under the auspices of the Allerhand Institute between 14-15 October 2015 in Warsaw and in which Mariusz Korpalski, legal counsel was actively involved. 

At the Conference, theorists and practitioners working in the fields of law and finances were asked about how to deal with the major challenges faced in the 2020s, such as overcoming the identity, trust, and regulations crisis.

In his lecture, mec. Korpalski considered the issues of legal awareness and constitutionality in the context of financial market laws and discussed protecting client’s trust with respect to both traditional and investment banking.

The lecture was based on Mariusz Korpalski’s long experience in drafting and resolving disputes arising out of bank contracts, all supported by academic research he conducted as part of his Phd studies at the Nicolaus Copernicus University in Toruń, Poland.

The observations and research show that in Poland traditional banking that offers deposits and loans has borrowed some components of investment banking, causing confusion both for clients and the justice system as to what obligations are actually imposed on parties to bank contracts. The concepts of hedging and carry-trade, formerly known to exist in more advanced financial markets, were inconspicuously transplanted on the Poland’s regulatory soil that was entirely unprepared for this challenge. A party to a foreign currency option or a bank loan indexed to a foreign currency expects the same level of security from the bank as they would get under traditional contracts, e.g. bank account or regular loan contracts.

This work suggests answers to these challenges.

To find out more on the book, go to:  Polityka i praktyka regulacji rynków finansowych.