ECB criticises draft Polish law on foreign-denominated loans
Draft bill could be even more expensive than previously abandoned proposal, ECB says
The European Central Bank has issued an opinion criticising a Polish draft law that would allow consumers to request that housing loans denominated in Swiss francs be converted into the local currency.
“Implementation of the draft law may entail significant financial costs for the banking sector,” the ECB said. It added that its critical opinion of the law concurred with an opinion issued by the National Bank of Poland (NBP) in response to a request by the Sejm, the lower house of the Polish
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