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Schedule of reception of citizens by the Executive Board of the National Bank of Moldova.
The registration of applicants for an audience is carried out based on a written request on the subject addressed.
Anca Dragu, Governor
1st Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 606.
Vladimir Munteanu, First Deputy Governor
2nd Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 606.
Tatiana Ivanicichina, Deputy Governor
3rd Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 607.
Constantin Șchendra, Deputy Governor
4th Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 607.
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National Bank and the members of its decision-making bodies shall be independent in exercising the tasks conferred upon them by law, and shall neither seek nor take instructions from public authorities or from any other authority.
In order to ensure and maintain price stability over the medium term, the National Bank’s aim will be to keep inflation (measured by Consumer Price Index) at the level of 5.0 percent annually with a possible deviation of ± 1.5 percentage points, considered to be optimal for growth and development of Moldova's economy over the medium-term.
National Bank shall have the exclusive right to issue on the territory of the Republic of Moldova banknotes and coins as legal tender, as well as commemorative and jubilee banknotes and coins as legal tender and for numismatic purposes.
National Bank is exclusively responsible for the licencing, supervision and regulation of financial institutions activity.
National Bank of Moldova acts as banker and fiscal agent of the State and shall receive from state bodies economic and financial information and documents, which are necessary for carrying out its tasks.
National Bank of Moldova supervises the payment system of the Republic of Moldova and promotes a stable and efficient functioning of the automated inter-bank payment system
National Bank of Moldova is an autonomous public legal entity and is responsible to the Parliament.
National Bank shall inform the public on the monetary policy strategy on the results of the macroeconomic analysis, the evolution of the financial market and on statistics, including with regard to monetary supply, crediting, balance of payments and the state of the foreign exchange market.
National Bank of Moldova is responsable for the compilation of the balance of payments, international investment position and the statistics of the external debt of the Republic of Moldova.
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The Executive Board of the National Bank of Moldova (NBM) approved a set of normative acts on implementation of the Law on bank’s activity, at the first stage, in accordance with Basel III requirements and harmonized with the EU regulations in the field, known as the CRD IV / CRR package.
Thus, 9 regulations have been approved, which refer to banks’ own funds and capital requirements, banks' capital buffers, credit risk treatment for banks according to standardized approach, credit risk mitigation techniques used by banks, treatment of operational risk for banks according to the core approach and standardized approach, market risk treatment according to the standardized approach, settlement/delivery risk treatment for banks, banks’ specific calculation of credit adjustments and of general credit risk adjustments, as well as the Regulation on banks’ external audit.
At the same time, the Instruction on presentation by banks of COREP reports for supervisory purposes has been approved and the Instructions on the method of preparing and submission by banks of reports for prudential purposes has been modified.
The new documents put an increased emphasis on the availability of capital to cover the risks of banks' activity and introduce new requirements to its structure. In addition, the requirements are also established for minimum capital thresholds by levels based on quality. The risk-weighted assets’ structure has also been revised for a better risks capture. Thus, a lower capital allocation is attributed to safer assets, while higher-risk assets receive a higher share and respectively, implies a higher capital requirement.
As a new regulatory principle, Basel III provides the coverage of more types of risks compared to those that were covered by Basel I, such as the market and operational risks. Other risks are to be covered by internal management methods. Consequently, the banks shall maintain a risk management framework, which includes policies and procedures for management, identification, assessment, timely monitoring and control of risks.
In parallel, Basel III introduces new rules aimed to increase the effectiveness of risks’ supervision by the bank’s management body, as well as of the NBM.
In 2016, the National Bank of Moldova approved the Strategy on Basel III standards implementation in the context of fulfilling the commitments assumed within the Association Agreement between the Republic of Moldova and the European Union. The foreign experts of the Twinning project, financed by the EU and implemented in the period 2015-2017 with the assistance of the National Bank of Romania and of the Central Bank of Netherlands, have supported the NBM in the process of strengthening the prudential supervision framework by harmonizing with the European Union central banks' standards. The project had as objective to improve the banking legislation, aimed at asserting a sound and competitive banking sector. The provisions of the Law on Basel III implementation framework will gradually enter into force to ensure the adaptation process of the domestic banks.
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