4 The Bank Recovery and Resolution Directive (BRRD) – which has yet to be transposed into Polish law – provides just such a toolkit, giving the supervisor the necessary tools, for example, to require a bank in difficulty to take the necessary recovery action.
Thus, thesecond pressing issue which needs to be solved is the concern with shadow banking and its lack of transparency. Here, the adoption of the EU regulation on the OTC derivatives market represents a significant step towards greater stability and transparency in an important segment of shadow banking.