The Threats of the Banking Union for the Polish Banking Sector

The main aim of the article is the assessment of the threats of the European banking union for the Polish banking sector. The problem is difficult and complex due to the large degree of internationalization of the Polish banking sector and the presence EU banking groups. The article shows the most considerable potential risks connected with the Single Supervisory Mechanism and the Single Resolution Mechanism for banks in Poland. There are currently no strong arguments for a quick Poland's accession to the banking union. Polish authorities see important threats related to the establishments of close cooperation. Poland nowadays is in the position of "awaiting and observing" and analyzing the functioning of the banking union. It seems, that the banking union in the proposed form will not bring notable benefits - just the opposite - it can cause important problems. The main threat related to the banking union is the risk that the union is still the "not-finished project". Poland should continue to strengthen its banking sector - to be prepared for whatever the future holds. In the article as the research method the descriptive and comparative analysis is used.