The two new members of the Supervisory Board of the National Bank of Moldova (BNM), Natalia Gavrilița and Vitalie Lemne, were presented to the team by first vice governor Vladimir Munteanu, IPN reports.
Ex-Prime Minister Natalia Gavrilița and vice-president of the National Commission for Financial Markets Vitalie Lemne were named after the terms of four Board members appointed by Parliament expired. Two more candidates will be selected for these positions on a competitive basis.
The Supervisory Board of the NBM consists of seven members, four of whom are appointed by Parliament. The term is for seven years, with the possibility of renewal.
The Supervisory Board is responsible for the organization of an efficient system of independent public supervision of the NBM’s work. It approves annual reports, adopts the standards of the internal control system, continuously checks and assesses the functionality of the internal control system, adopts internal professional ethics norms.
