World Bank and IMF have
finalized the Financial Sector Assessment Program for Moldova
On March 5, 2014, National Bank of Moldova
hosted the closing session of the Financial Sector Assessment Program of the
World Bank and IMF. It has started on February 17, 2014.
Also, experts pointed out the need to continue
the efforts towards decreasing the main risks and vulnerabilities of country's
financial sector, through increasing the quality of financial sector's
supervision, including from the point of view of shareholders' transparency and
consolidation of competencies of the supervising authorities in adequate
application of the relevant legislation, as well as through strengthening of the
system of protection of depositors. Also, it was mentioned the need to improve
the current framework of management of financial crises.
[sorry, the English translation of the whole press release is not available]
of the National Bank of Moldova