Poland's Ministry of Finance published an update on the Council of Ministers’ adoption of a draft bill amending selected laws to align Poland’s framework for financial market functioning and participant protection with EU rules on payment services, benchmarks and resolution. The package focuses on financial market supervision and safety. On payments, the draft bill would support application of the EU Instant Payments Regulation by requiring Polish payment service providers to offer instant credit transfers in EUR within 10 seconds, without additional fees. On resolution, it would implement Directive (EU) 2024/1174 through technical changes to the minimum requirement for own funds and eligible liabilities (MREL) and, in particular, allow the Bank Guarantee Fund (BFG) to refrain from setting MREL for entities that would be placed into ordinary insolvency rather than resolution, with the aim of reducing costs and administrative burdens. On benchmarks, the bill would introduce measures intended to increase benchmark robustness, strengthen supervisory effectiveness and remove interpretative uncertainties linked to the EU Benchmark Regulation.
Ministry of Finance (Poland) 2025-12-09
Poland's Ministry of Finance publishes government-approved draft law implementing EU instant euro payments and updating MREL and benchmark rules
Poland's Ministry of Finance announced the Council of Ministers' adoption of a draft bill to align national financial market laws with EU regulations on payment services, benchmarks, and resolution. The bill mandates Polish payment service providers to offer instant EUR credit transfers within 10 seconds without extra fees and introduces changes to MREL requirements to reduce costs. It also aims to enhance benchmark robustness and supervisory effectiveness under the EU Benchmark Regulation.