European Central Bank 5 July 2011, Opinion of the European Central Bank of 5 July 2011 on the conversion of foreign credit institutions’ branches into subsidiaries (CON/2011/57)

EN ECB-PUBLIC OPINION OF THE EUROPEAN CENTRAL BANK of 5 July 2011 on the conversion of foreign credit institutions’ branches into subsidiaries (CON/2011/57) Introduction and legal basis On 31 May 2011, the European Central Bank (ECB) received a request from the Polish Minister for Finance for an opinion on a draft law amending the Law on banking and certain other laws (hereinafter the ‘draft