In the latest article published by Prawo.pl, Wojciech Kapica shares his perspective on the reform of benchmark indices, in particular the planned replacement of WIBOR with the new POLSTR index. Wojciech notes that the legal foundations of the reform are generally sound, while highlighting the need for a calm, well-grounded discussion of the direction of the changes.
The article covers, among other topics:
- whether the proposed legal solutions (including the index conversion mechanism);
- have been properly embedded in the legislation
how POLSTR differs from WIBOR (a methodology based on actual transactions rather than bank declarations); - what the potential consequences may be for the financial market and existing contracts.
We encourage you to read the full article.