Meeting between the management of the Financial Supervisory Authority and the National Bank of Moldova

The dialogue also focused on issues related to further regulatory alignment with the EU framework, risk-based supervision, adoption of digital technologies and tools, interoperability between the two countries' markets in certain segments, and increased exchange of experience.

 

"The Financial Supervisory Authority aims to take on the role of aggregator of support for the National Bank of Moldova across the common spectrum in the non-banking financial market area, especially in the context of Moldova's objective of EU accession. We have agreed to strengthen the collaboration between the two institutions for the development of new projects at an intensified pace and support the expansion of the relational and support portfolio for the NBM", said Mr Alexandru Petrescu, President of the ASF.

 

At the same time, another topic of discussion was related to the state of implementation of the Twinning Project "Strengthening supervision, corporate governance and risk management in the financial sector", implemented in the Republic of Moldova with the support of the European Union. This programme aims at developing the capacities of supervisory institutions (NBM and National Commission for Financial Markets) in the neighbouring country, following the best practices in the EU to ensure a high level of financial sector stability for the benefit of citizens and companies.