A series of amendments to the Law on Financial Institutions were formulated based on the recommendations made by the International Monetary Fund and the World Bank after this year’s appraisal of the baking and nonbanking systems of Moldova. The bill with amendments was approved by the Government.

National Bank governor Dorin Dragutanu said the goal of these changes is to specify notions from the law regulating the activity of the national financial institutions, especially concerning capital, and to strengthen the central bank’s capacities to supervise the baking sector.

The amendments refer to four articles of the law, one of which concerns the capital of commercial banks. After the given changes are adopted by Parliament, not only money, but also state securities could be placed into the registered capital of commercial banks.