GFP Legal provides comprehensive legal assistance to cooperative banks on a regular basis. We advise on all areas relevant to the bank’s operations, taking into account the specifics of cooperative banking:
- We provide regulatory advice to cooperative banks, including compliance with banking law, cooperative law and supervisory regulations (bank secrecy, personal data protection, AML and CFT, NIS-2/DORA). We help banks properly fulfill their registration and reporting obligations, representing clients in contacts with the Financial Supervisory Commission (Komisja Nadzoru Finansowego – KNF), the Office of Competition and Consumer Protection (Urząd Ochrony Konkurencji i Konsumentów – UOKiK) or other regulatory authorities.
- We provide ongoing corporate services to cooperative banks. We advise on the creation or modification of corporate documentation and the optimal formulation of statutes, bylaws and internal procedures of banks. We not only support boards of directors and their subordinate divisions, but also provide support to supervisory boards and in connection with representative meetings.
- We assist cooperative banks in the process of creating and implementing new banking products or in modifying products already offered, including the preparation of related documentation (bylaws, model contracts for customers, etc.).
- We assist cooperative banks in purchasing processes, including in the context of banking outsourcing. We review and negotiate contracts, in particular contracts for the purchase of goods, provision of services, construction work or implementation of IT systems.
- We support cooperative banks in the absorption of new technologies, including solutions based on artificial intelligence (AI), taking into account the specifics of the banking sector.
- We assist cooperative banks in personnel matters, providing full support to HR departments. We prepare employment contracts, management contracts, as well as non-competition and confidentiality agreements. We provide support in the development, implementation and modification of labor regulations, salary and bonus regulations, regulations of the company’s social benefit fund, and intra-company policies and procedures. We advise on the termination of labor relations, providing legal representation in court proceedings when necessary.
- We provide cooperative banks with legal representation in administrative and judicial proceedings, including, among others, consumer-initiated disputes concerning the cancellation of loan agreements, the undermining of the WIBOR reference index or the so-called free credit sanction.
You can count on us
- We provide supervision of the compliance of cooperative banks’ activities with the banking law, cooperative law and supervisory regulations.
- We support cooperative banks in the process of developing and implementing banking products – loans, bank accounts, deposits, financial instruments.
- We provide legal representation in proceedings initiated by consumers.
