Adoption of new banking law on Moldovan parliament's agenda

Chisinau, 30 May /MOLDPRES/- The parliament will continue to support capacity building of National Bank of Moldova by approving the banking legislation aimed at asserting a solid and competitive banking sector in the country. Parliament Speaker Andrian Candu made the statement today at an official closing event of the twinning project “Strengthening capacity of the National Bank of Moldova in the field of banking regulation and supervision in the context of EU requirements”, the parliament’s communication and public relations department has reported.

“The project started two years ago in a period of unreliability, skepticism and reserves, a period of crisis for the National Bank of Moldova, and today we are living an achievement. We must also have good legislation in this area, and the parliament is going to get involved in approving it. As we have proved, there is political will, professional capacities at parliament level to complete what the BNM has begun. Today your mission ends and tomorrow our mission begins. The parliament will be along with BNM and will help by approving the necessary legislation”, Candu said.

The twinning project was launched on 30 June 2015 and implemented during two years by consortium made up of the National Bank of Romania and the Central Bank of the Netherlands. The project aimed to support BNM in strengthening the supervisory framework by adjusting with EU central bank standards, as well as improving banking legislation. The draft of a new bank law and the draft secondary legislation transposing European regulatory framework on banks have been elaborated within the project.