National Financial Stability Committee of Moldova to be reformed

Chisinau, 26 March /MOLDPRES/ - Prime Minister Pavel Filip on 25 March had a meeting on the issue of reforming the National Financial Stability Committee (CNSF), with the participation of the leadership of the Finance Ministry, National Bank of Moldova, Deposits Guarantee Fund and Expert-Grup, the government’s communication and media relations department has reported.  

The participants in the meeting discussed in detail proposals by the German Economic Team and Expert-Grup on the need to reform CNSF and ways of more efficient organisation of the Committee’s work.   

Prime Minister Pavel Filip stressed that he backed the idea of reforming CNSF. Filip also said that he spoke out for a complex approach, therefore more experts’ proposals will be considered and the opinion by development partners will be consulted as well, so that a viable solution be identified, that is to ensure an efficient work of CNSF. 

According to authors of a survey on CNSF’s reformation, the future structure should become a platform of communication and coordination of actions between members, focused on actions of preventing systemic crises. Important elements will be ensuring an apolitical character of CNSF and a clear-cut defining of the mandate and role of the members. Experts said that the number of CNSF members should be cut, including the representatives of the National Bank of Moldova, National Financial Market Commission, Finance Ministry and Deposits Guarantee Fund.  

The prime minister asked representatives of the competent institutions to debate additional aspects, proceeding from the discussion held, and develop a joint vision, which was to be subsequently submitted to government and other concerned institutions, in order to take the final decision.  

(Editor M. Jantovan)