Republic of Moldova: Financial Sector Assessment Program-Detailed Assessment of Observance on the Basel Core Principles for Effective Banking Supervision

February 29, 2016

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Format: Chicago

Republic of Moldova: Financial Sector Assessment Program-Detailed Assessment of Observance on the Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2016) accessed December 3, 2024

Summary

The National Bank of Moldova (NBM) has made significant progress in reinforcing its prudential and supervisory framework. Two medium-term strategies have been designed in succession since 2008 to set a forward-looking approach for supervision. The most recent one spanning four years (2013–17) aims to ensure a higher level of efficiency, transparency, and performance of the NBM by bringing the best international practices, particularly, in the area of corporate governance. The country is also in the process of transitioning from Basel I to Basel II. In the context of an Association Agreement to be signed with the European Union (EU),2 the NBM plans to implement the standard risk-weighting model of Basel II as well as other elements of Basel III. The objective is to enhance the NBM’s institutional capacity with the view to foster the banks’ prudential regulatory framework. The association process will also enable NBM to gradually implement the EU Capital Requirements Regulation and Directive (CRR/CRD).

Subject: Bank regulation, Bank supervision, Banking, Capital adequacy requirements, Financial regulation and supervision, Internal audit, Internal controls, Market risk, Public financial management (PFM), Revenue administration

Keywords: Bank management, Bank regulation, Bank supervision, Bank's activity, Business plan, Central bank, Corporate governance, Corporate governance policy, CR, Financial activity, Global, Internal audit, Internal controls, ISCR, Management body, Market risk, Moldovan bank, Require bank, Risk appetite, Risk management, Risk profile, Senior management

Publication Details

Pages:

198
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/071
Stock No:

1MDAEA2016003
ISBN:

9781513504131
ISSN:

1934-7685

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