Polish WSE's new president to swiftly decide on cooperation with Vienna's CEESEG

By bne IntelliNews July 28, 2014

As the Warsaw Stock Exchange's (WSE) AGM approved of the bourse's 2013 financial statement, former vice-minister of treasury Pawel Tamborski has officially started his tenure as WSE's president. WSE's shareholders picked Tamborski for president nearly a month ago, but the Polish Financial Supervision Authority (KNF) cleared him to the post only a few days ago, making - as it stressed - extraordinary efforts to verify whether he was fit for the job in terms of legal requirements.

Tamborski declared that he would like to introduce new instruments and incentives for investors, but he plans to reveal the details only in a few weeks' time.

He also underlined that the issue of the possible cooperation with CEE Stock Exchange Group (which groups the Vienna, Prague, Budapest and Ljubljana stock exchanges) was among his top priorities. Tamborski declared that he wants decisions in this respect to be made as swiftly as possibly.

The talks with CEE Stock Exchange Group started last year and included the possibilities of capital links. Around 60% of volumes traded on CEE bourses goes through WSE and around 40% - through CEESEG.

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