Poland's financial regulator says cost of FX loans bill still unknown

March 9, 2016 8:51 AM

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WARSAW, March 9 Poland's financial regulator KNF has not yet calculated the cost of a foreign exchange loans conversion bill proposed by President Andrzej Duda, the presidential member of the watchdog said on Wednesday.

The president's office laid out a draft law in January to saddle lenders with the costs of converting Swiss franc mortgages, aiming to help more than half a million Poles with such loans after the value of the franc rose. The office sent a draft of the bill the regulator to estimate its cost.

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