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KNF Retains View on FX Loans Saga

POLAND
  • The Polish financial regulator KNF writes that it is maintaining its position on FX loans in Poland.
  • Follows the regulator declining to comment on the ECJ opinion posted yesterday. Their view appears to remain that a negative verdict could cost banks as much as PLN 100bln - provisions that the regulator sees as "too high compensation" for abusive clauses in mortgage terms.

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