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    Vizită oficială a delegației Băncii Naționale a Republicii Moldova la Autoritatea de Supraveghere Financiară

Vizită oficială a delegației Băncii Naționale a Republicii Moldova la Autoritatea de Supraveghere Financiară

Bucharest, 21 September 2022 - The Chairman of the Financial Supervisory Authority (ASF), Mr. Nicu Marcu, met today at the Authority's headquarters with Mr. Octavian Armașu, Governor of the National Bank of Moldova (NBM).

A delegation of the NBM is on an official visit to Bucharest, as the institution will take over the licensing, authorization, regulation and supervision of the insurance market in the neighboring country from 1 July 2023.

During the discussions between the two sides, the A.S.F. experts presented several issues related to the supervision and monitoring of the insurance market. Emphasis was put on continuous supervision and on-site controls, supervision of conduct in the insurance market, consumer protection duties, as well as the particularities of the data collection process in the context of reporting by insurance companies and insurance intermediaries.

The President of the Financial Supervisory Authority and the Governor of the National Bank of the Republic of Moldova discussed issues related to the strengthening of the cooperation framework between the two institutions after the completion of the process of taking over the regulatory and supervisory tasks of the insurance market in the Republic of Moldova by the NBM.

 

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About the Financial Supervisory Authority

The Financial Supervisory Authority is the national authority, established in 2013 by GEO 93/2012 approved by Law 113/2013, for the regulation and supervision of the insurance, private pension and capital markets. The FSA contributes to strengthening the integrated framework for the functioning of the three sectors, which total more than 10 million participants. More information can be found at www.asfromania.ro.