Instruments of protecting economic entities exposed to monopolistic practices in Poland, Czech Republic, and Slovakia

Abstract

The goal of the paper is presenting legal-administrative instruments of protecting economic entities exposed to the employment of monopolistic practices available to the Polish Financial Supervision Authority and its equivalents in Czech Republic and Slovakia. The Polish Financial Supervision Authority is not a classic regulatory body, however, it has at its disposal instruments influencing competition, e.g. considering an entity a dominant entity or an entity with close connections to a bank, considering a bank to be significant, objection regarding purchasing or taking up shares, objection regarding becoming a dominant entity of a domestic bank, permission for banks to merge. This paper will present the solutions functioning in Czech Republic and Slovakia.