Financial crisis requires risk management capacity, central bank governor

The banks should more efficiently deal with the risks to which the depositors’ money is exposed following the world financial crisis of 2009-2010 and increase transparency in their work, the Governor of the National Bank of Moldova Dorin Dragutanu said in a conference themed “Development of Human Resources in Banking Services in the Context of the European Financial Regulations, Info-Prim Neo reports. According to the governor, in order to improve banks’ abilities the personnel and administration of the banking sectors are taught how to prevent crises. Petru Rares, director general of the Romanian Banking Institute, said the recent financial crisis with its serious consequences makes the training of the personnel working in the banking system essential. “We hope we will manage to share our experience in adjusting the banking services to the new European financial regulations with Moldova,” he stated. Dumitru Ursu, president of the Banks Association of Moldova, said the Moldovan banks are ready to deal with the challenges. The training seminars that will be organized with the support of the Romanian Banking Institute will focus on the implementation of the Corporate Governance Code, approved by the National Financial Market Commission in 2007. It is important that every bank correctly implements this Code. The deposit guarantee ceiling of 6,000 lei for the population should be reviewed as this sum is insufficient, said Dumitru Ursu. The conference was organized in accordance with the cooperation agreement signed by the Banks Association of Moldova and the Romanian Banking Institute, in partnership with the National Bank of Moldova, early this year.