Issuing of bank bonds - fashion or necessity?

Witold Gradoń

Abstract


This article attempts to answer the question whether the emerging issues of bank bonds are indicative of a  passing fashion or the beginning of a  lasting trend as a  result of new cautionary standards gradually encouraging banks to extend loan periods.
The article also identifies the main barriers to further development of the market for this type of security in Poland and suggestions for their elimination.

Keywords


bank; bank bonds; bank bond market; bank bond issue reasons; barriers to bank bond market development

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References


Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies. Consolidated text: Journal of Laws of 2009, no. 185, item 1439 as amended.

Act of 29 June 1995 on bonds. Consolidated text: Journal of Acts 2001, no. 120, item 1300 with subsequent amendments.

Latest trends in banking regulations, Polish Financial Supervision Commission, http://www.knf.gov.pl/Images/M_Brzozowski_tcm75-26427.pdf

Ramotowski J.: Issues of debt securities will still be unprofitable, www.obserwatorfinansowy.

Report on the situation of banks in the first half of 2012, Polish Financial Supervision Authority, Warsaw 2012, p. 18.

Report on the work of the Group for the issue of long-term own bonds by banks, Polish Financial Supervision Authority, Warsaw 2013.

Resolution No. 314/2009 of the Polish Financial Supervision Authority of 14 October 2009 on the other balance sheet items included in the bank’s core capital, their amount, scope and conditions for their inclusion in the core capital of a bank, Journal of Acts Polish Financial Supervision Authority of 2010, no. 1, position 8.

Resolution No. 434/2010 of the Polish Financial Supervision Authority of 20 December 2010 on the other balance sheet items included in the bank’s core capital, their amount, scope and conditions for their inclusion in the core capital of a bank, Journal of Acts Polish Financial Supervision Authority of 2011, no. 1, position 1.

The Banking Act of 29 August 1997. Consolidated text: Journal of Acts 1997, no. 140, item 939 as amended.

The outlook of corporate bond market 2013 – report from the corporate bond market, the report prepared by a group of analysts CorporateBonds.pl, www. corporatebonds.pl/docs/CBraport2013_v03.pdf




DOI: http://dx.doi.org/10.17951/h.2013.47.4.35
Date of publication: 2015-07-23 22:45:56
Date of submission: 2015-07-23 19:21:39


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