According to Polish daily Puls Biznesu at yesterday's meeting of parliamentary commission voting on the new banking law that would allow splitting banks, the votes were evenly distributed. According to the article the opposition members of the commission asked for the opinion of Stanislaw Kluza, the head of the Financial Supervision Commission, as well as Zyta Gilowska, finance minister.
The opinion of opposition party members has been supported by the Central Bank experts with the argument that the amendement could create instability of the financial sector.
Our view: It seems that the opposition is trying to postpone, if not block the Parliamentary voting on the new law. Missing the October 19 deadline is now likely, given that there is still no majority in the government. We do not expect a significant trading impact from the news today.