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Brokerage industry
Foreign brokers entering Poland
since EU accession
Since May 1 entry into the European Union at least nine foreign brokerage firms and one international bank sent notices to the Polish Securities Exchanges Commission about their intentions to start operations in Poland, SEC sources told PARKIET on Tuesday. The SEC refused to disclose names of the applicants, but said none of the ten firms plans to open local offices here.
Polish brokers say they are not worried about losing their clients. Nonetheless, Marek Słomski from ING Securities admits that local brokerage houses will monitor their new competitors.
Eleven insurance groups, including Lloyd?s have also filed notices about their plans to set up business in Poland with KNUiFE regulatory agency in the last few weeks.
Jyske Bank from Denmark is the only...
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