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(Bloomberg) Poland is unlikely to pass laws helping banks resolve a legacy Swiss-franc mortgage debacle before a parliamentary election in the fall, setting lenders up for more losses. Jacek Jastrzebski, the head of the regulator, told bank executives at a meeting on Monday that he doesn’t believe the legislation his team is working on would find support among lawmakers, according to a person familiar with the discussion, who asked not to be named because the talks are private. The regulator has warned that lenders’ provisions may more than double for legal risks over the loans, issued mainly in the run-up to the 2008 global credit crisis, before the Swiss currency surged. A ruling from the European Union’s top court next month could spark fresh lawsuits from franc mortgage borrowers and additional provisions. The lack of support from the government reduces the likelihood of Poland following Hungary, Romania and Croatia into converting the legacy loans into local currency. Pawe

Brunon bartkiewiczJacek jastrzebskiJacek barszczewskiPawel borysMateusz morawieckiEuropean unionBank slaskiPrime minister mateusz morawieckiBusiness insider polskaExecutive officer brunon bartkiewiczBusiness general