Karol Rajewski

Partner Attorney at law

Karol has extensive experience in regulatory, risk-management and compliance matters, with a focus on financial, banking and insurance sectors.

Prior to joining SSW, for several years he was a senior officer of the Nationale-Nederlanden Group where he was in charge of ​​the legal, risk management and compliance departments, acting as the Director of the Legal Team, Director of the Legal and Risk Management Department and Chief Compliance Officer, and a Board Member. In his role as Chief Compliance Officer, among others he participated and advised in the process of preparing NN Group for listing on the stock exchange. Karol has a strong track record of operating control and supervision of compliance processes. He also brings a wealth of experience gained in senior roles at Polish supervisory authorities. Karol was the Director of the Legal and Licensing Department at the Office for the Supervision of Pension Funds, and most recently headed the legal and regulatory division of the Polish Financial Supervision Authority.

Karol represented supervisory authorities in the state security network – i.e. the Ministry of Finance, the Bank Guarantee Fund, the National Bank of Poland, the Prosecutor’s Office of the Republic of Poland, the Financial Stability Committee. He contributed to the drafting of guidelines and recommendations of the supervisory authority in the field of banking, insurance and capital markets. Thanks to his senior role at the Polish Financial Supervision Authority, Karol has a truly unique ability to pragmatically assess business and control processes from the compliance perspective.

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Education

  • Master’s degree in Law, University of Warsaw

Languages

  • English

Main areas

Instytucje finansowe i ubezpieczenia przekierowanie do produktu

Other areas

Corporate governance and compliance przekierowanie do produktu FinTech przekierowanie do produktu Sanctions przekierowanie do produktu

Selected projects

  • Helping to develop remote sales of bancassurance products to UNIQA
  • Adviding Bank Pocztowy on its relations with the FSA and helping to develop its bancassurance products
  • Advising AXA Partners on distributing its insurance products, including product design, ensuring compliance with legal requirements, PFSA recommendations and the practice of European regulators. Helping to increase the effectiveness of sales in the new business environment
  • Advising AVENGA IT Professionals on: IT, IT contract renegotiation, operational process efficiency studies, risk management. Supporting international legal advice
  • Advising AVIVA on its compliance with the FSA’s fit & proper recommendations; modifying existing procedures and processes and preparing Aviva to implement new processes and solutions
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  • Advising Allianz on: regulatory issues, remote sales, aligning the business needs of remote product sales with regulatory requirements
  • Providing pre-transaction advice to Warta including regulatory advice, advice on remote sales – full procedure of remote sales of insurance products
  • Advising WDB on regulatory and insurance broking, particularly transactional advice and arrangements concerning offers and remuneration for participants in insurance product sales
  • Advising Santander on outsourcing and data delegation. Executing a project to define the framework of the bank’s cooperation with an external service provider
  • Advising and preparing a legal opinion for Ergo Hestia. The opinion included extensive analysis, professional guidance and recommendations on rail transport insurance
  • Advising ING on an effectiveness study of its customer onboarding process, optimising regulatory requirements vs. business needs
Awards
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