Polish Financial Supervision Authority KNF

Poland’s Financial Market Watchdog, KNF Announces Appointment of New Head, Prof. Jacek Jastrzębski

Professor Jacek JastrzębskiPoland’s financial market regulator, the Polish Financial Supervision Authority (KNF) has got its new Head, Professor Jacek Jastrzębski. The announcement made on Friday and was appointed by the Prime Minister of Poland, Mateusz Morawiecki. Prof. Jastrzębski replaces Marek Chrzanowski who stepped down from the position and made his exit from the regulatory world after charges of bribery were made earlier this month.

The charges leveled against Chrzanowski is for demanding a multi-million dollar bribe from a bank however the PAP news agency said that Chrzanowski denied the accusations and has stepped down out of “a sense of responsibility for the functioning of regulatory supervision over the financial sector”.

Prof. Jastrzębski is known top law professional in Poland with a strong reputation in the country. He has been both a graduate and professor at the Faculty of Law and Administration at the University of Warsaw. He has studied at Warsaw School of Economics and graduated from the law programme LL.M from the University of California, Berkeley. In his professional career, he has worked in civil law, criminal law and law of the financial market. He has co-authored 80 scientific publications and has delivered lectures at numerous national and international conferences. 

Universal Savings Bank of PKO BPProf. Jastrzębski boasts an impressive resume and is fluent in four languages including English, German, French and Polish. He has worked predominantly in the banking sector and for more than a decade, he was deputy director of the Legal Department of the Universal Savings Bank of PKO BP, Poland’s largest bank.

Poland has high respect for Prof. Jastrzębski and has included him on the list of  “Legal 500’s GC Powerlists: Central and Eastern Europe” which highlights the top lawyers in Central and Eastern Europe.