XM does not provide services to residents of the United States of America.

Polish central bank wants prosecutors to investigate parliament speaker, MP



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 1-Polish central bank wants prosecutors to investigate parliament speaker, MP</title></head><body>

Adds parliament speaker spokesperson comment in paragraph 6

WARSAW, Sept 13 (Reuters) -The National Bank of Poland said on Friday it had informed prosecutors of the possibility that the speaker of parliament and the head of a parliamentary committee may have committed a crime in trying to bring the central bank governor before a tribunal.

NBP governor Adam Glapinski faces several accusations from lawmakers of the ruling coalition, including that he lacked independence from the previous government, broke rules barring the central bank from financing government borrowing and misled the finance ministry about the bank's financial results.

Glapinski, who has decades-old ties to Jaroslaw Kaczynski, head of the opposition Law and Justice party that lost power last year, reiterated on Thursday his rejection of the accusations, calling on the government and lawmakers to respect the bank's independence.

On Friday, the central bank said in a statement it notified prosecutors of potential offences by Szymon Holownia, the speaker of the lower house of parliament, and Zdzislaw Gawlik, chairman of the Committee on Constitutional Responsibility.

"The notification concerns illegal and groundless actions undertaken... in relation to the preliminary motion to bring (Glapinski) to constitutional responsibility before the State Tribunal, despite the lack of legal and factual grounds for specific actions," the bank said.

Gawlik did not immediately reply to requests for comment. Holownia's spokesperson said the speaker was determined to "defend the constitutional competences of the (lower house) to conduct proceedings regarding constitutional responsibility".

Gawlik told reporters on Thursday the committee would next meet on Sept. 24 and planned to start hearings then.

Final motions to bring people in Poland's highest offices before a State Tribunal must pass a parliamentary vote in order to proceed.



Reporting by Anna Wlodarczak-Semczuk; Additional reporting by Karol Badohal; Editing by William Maclean and Hugh Lawson

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.