The National Bank of Moldova in 2019 will continue to reform the national bank regulation and supervision framework. The reforms in the bank supervision area (Basel III) are aimed at strengthening the banking sector in general and each bank separately. Preliminary conditions will be created for resuming the financing of the real sector and for ensuring sustainable economic growth, IPN reports, quoting a press release of the bank.

According to the central bank, these reforms are designed to ensure healthy corporate governance and transparency in the national banking sector so as to attract potential investors and lenders and to maintain the banking sector solid. “The National Bank expects the banks to appropriately implement the new regulations (Basel III), to invest in the development of the information technology sector and to concentrate more their efforts on the financing of the real economy,” runs the press release.

In 2019, the banks will present the first reports on the internal capital adequacy assessment and the National Bank of Moldova will check how these report the risks to which they are exposed or can be exposed. For the first time, the central bank will assess and supervise each bank apart so as to determine the extent to which the activity management framework ensures prudent administration and adequately covers the risks in relation to the bank risk profile. Following the general assessment result, the National Bank will apply the supervision measures stipulated by law, depending on the case.