The National Committee for Financial Stability is to be reformed, Prime Minister Pavel Filip said in a meeting where he spoke about the proposals of the German Economic Team Moldova and the think tank “Expert-Grup” about the need to reform the Committee and the methods of more efficiently organizing its work, IPN reports.
According to the Government’s press service, the future body should become a platform for communication and coordination of the actions between bodies, which will center on system crisis prevention activities. Thus, among the key elements are to ensure the apolitical character of the National Committee for Financial Stability and to clearly define the mandate and role of its members.
The experts said the number of members of the National Committee for Financial Stability should be reduced and this should include representatives of the National Bank of Moldova, the National Commission for Financial Markets, the Ministry of Finance and the Loan Guarantee Fund.
The Premier noted that he supports the idea of reforming the Committee and is for a complex approach to the reform. Therefore, the proposals of a number of experts will be examined and the development partners will be consulted so as to identify a viable solution that will ensure the efficient functioning of the National Committee for Financial Stability.
