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Glapinski Seeks Support From Bank CEOs, Coalition MP Says He Should Be Prosecuted In 1Q24

NBP

Business Insider Polska reports that NBP Governor Adam Glapinski told the CEOs of the largest banks in Poland at a meeting hosted by the central bank last week that he is "under attack" and counts on their support amid uncertainty over the new coalition's decision whether to put him on trial. It was reportedly the Governor's first such high-level meeting with the representatives of the banking sector in two or three years.

  • An unnamed source present at the meeting told Business Insider that bankers from the private sector are unlikely to publicly throw their weight behind Glapinski, while the CEOs of state-owned banks will likely be gone within a few weeks. However, the Governor seems to be counting on the banking sector to exert informal pressure on the new government to refrain from putting him on trial.
  • Glapinski's fate remains uncertain, albeit the official has managed to obtain letters of support from the heads of the ECB, SNB and NBH. Poland's central bank continues to push back against accusations directed at the Governor, with the weekend seeing another public exchange of barbs between the institution and its management board member Pawel Mucha. The official published the board's resolution regulating the bonuses paid to the Governor, attracting some media attention to the issue.
  • Third Way lawmaker Ryszard Petru reiterated that in his view "Governor Adam Glapinski should be brought to the Tribunal of State". The politician told RMF FM that he expects Glapinski to be put on trial in 1Q2024 but can't speak for the entire coalition. As things stand, it is unclear if the new administration will press ahead with its campaign pledge to prosecute Glapinski, facing the previously flagged legal, financial and political barriers to such action.
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Business Insider Polska reports that NBP Governor Adam Glapinski told the CEOs of the largest banks in Poland at a meeting hosted by the central bank last week that he is "under attack" and counts on their support amid uncertainty over the new coalition's decision whether to put him on trial. It was reportedly the Governor's first such high-level meeting with the representatives of the banking sector in two or three years.

  • An unnamed source present at the meeting told Business Insider that bankers from the private sector are unlikely to publicly throw their weight behind Glapinski, while the CEOs of state-owned banks will likely be gone within a few weeks. However, the Governor seems to be counting on the banking sector to exert informal pressure on the new government to refrain from putting him on trial.
  • Glapinski's fate remains uncertain, albeit the official has managed to obtain letters of support from the heads of the ECB, SNB and NBH. Poland's central bank continues to push back against accusations directed at the Governor, with the weekend seeing another public exchange of barbs between the institution and its management board member Pawel Mucha. The official published the board's resolution regulating the bonuses paid to the Governor, attracting some media attention to the issue.
  • Third Way lawmaker Ryszard Petru reiterated that in his view "Governor Adam Glapinski should be brought to the Tribunal of State". The politician told RMF FM that he expects Glapinski to be put on trial in 1Q2024 but can't speak for the entire coalition. As things stand, it is unclear if the new administration will press ahead with its campaign pledge to prosecute Glapinski, facing the previously flagged legal, financial and political barriers to such action.