18.09.2024
Central Bank Board
Members at a Regional Conference in Chișinău
National Bank of Moldova (NBM), the International Monetary Fund (IMF),
and the Center for Excellence in Finance (CEF) brought together the
executive and non-executive central bank board members as well as other
senior representatives from the central banks in South East Europe to
address the governance, risk management and communication challenges
that central banks face in the current changing landscape.
In the opening session, Ms. Anca-Dana Dragu, Governor of the NBM,
declared: „Our responsibility is to ensure that central banks not only
adequately respond to crises, but also proactively adapt to market
dynamics, thus strengthening long-term financial stability". Ms. Jana
Repanšek, CEF Director, highlighted the link between a learning
organization and governance and stressed on the importance of the
conference topics, the exchange of experience and cooperation among
participants from central banks in South East Europe − Central Bank of
Albania, Central Bank of the Republic of Kosovo, Central Bank of
Montenegro, Central Bank of Bosnia and Herzegovina, Croatian National
Bank, National Bank of the Republic of North Macedonia, National Bank of
Romania, National Bank of Ukraine, NBM − as well as the IMF and CEF.
To lay the foundations of the conference, the participants tackled
different models related to the roles and responsibilities of executive
and non-executive (supervisory) board members. They also discussed about
the risk management and the current challenges, in particular
cybersecurity and fintechs. Through the perspective of the Central Bank
Transparency Code (CBT) of the IMF, they exchanged on approaches and
experiences with the CBT tool. Conference participants also reflected on
the key (EU) central bank legal developments affecting mandates,
decision-making, and independence of central banks.
The conference was part of the NBM project − Transformation into a
Learning Organization (NBM LearnOrgLab). It took place on September
17-18, 2024, in Chișinău, Moldova.
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