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Europe After The Lisbon Treaty. Strategies for the Future

Ludwik Sobolewski, President of the Management Board & CEO, Warsaw Stock Exchange Aleksander Grad, Minister of the reasur , Poland

Slovakia, admitted that the Brussels project of creating international nancial su- pervision institutions was justied and that it should be implemented gradually. It will also allow the determination of the scope of responsibilities and make it clear who is in charge of what. It is important to create safety standards for the banking sector. Gabriel Bernardino, Chairman of the Committee of European Insurance and Occupational Pensions Supervisors from Portugal decided that institutions existing at national and European levels will not be conicted but will complement one ano- ther to provide a better protection of the system. An advantage of national super- visory institutions is a better knowledge of the local situation and mechanisms at play. On the other hand, European supervision is better at recognising these threats which may have rampant international consequences.

Andrzej Klesyk, President of the Board & CEO, PZU SA, Poland Jacek Siwicki, President, Enterprise Investors Corporation, Poland

www.economic-forum.pl

Economic challenges of globalisation

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