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Dr Michał Ochwat
ORCID: 0000-0002-8907-529X

Dr Michał Ochwat

Assistant professor at the Institute of Legal Sciences at the Faculty of Law and Administration of the University of Silesia in Katowice. He obtained his doctorate in law at the Faculty of Law and Administration of the Jagiellonian University in Krakow based on the dissertation entitled Areas of supervision over an integrated financial market (supervisor: prof. Marek Michalski). His scientific and practical interests focus on financial market and public law and finance and economy. In his research work, he deals with the interdisciplinary issues of financial supervision, including financial aspects related to the stability of the financial system and public-law issues of organization and legal forms of operation.

 
DOI: 10.33226/0137-5490.2022.7.3
JEL: E63, G18, K23

The Financial Stability Committee (KSF), from the point of view of the state's influence on the economy, plays a key role responsible for the stability of the financial system and, more broadly, for preventing financial and economic crises. The main axis of consideration will be the issue of formal and actual impact of the KSF on the final shape of various regulatory instruments in the area of financial stability. The main purpose of this study is to try to answer the question: Why the legislator decided to apply this type of non-mandatory legal form in such an important, from the point of view of state policy, area of activity, which requires appropriate efficiency and effectiveness? The key issue that should be further analysed is the specificity of influence in the complex system of administrative responsibility, and the functional context of the application of recommendations. Apart from references to the literature, which in the author's opinion require certain comments and additions, the solutions adopted in Poland should be confronted with the models of regulation in selected countries (France, Germany, United Kingdom).

Keywords: financial stability; recommendations; macroprudential instruments