National Bank of Moldova to have additional powers

15:08 | 07.11.2024 Category: Economic

Chisinau, Nov 7 /MOLDPRES/- National Bank of Moldova /BNM/ will have additional powers. The institution will be able to prohibit banks from distributing own funds under certain conditions. A new benchmark will be set up - the maximum amount distributed, which will be calculated by the BNM.

A draft law has been worked out by the National Bank of Moldova with the participation of World Bank experts and consulted with the International Monetary Fund. The document was examined today by members of the parliamentary commission on economy, budget and finance.

The draft aims to strengthen the capacity of institutions to act in the event of a banking institution being in major difficulties.

The legislative initiative also specifies the funding conditions for the application of resolution tools from the resolution fund and the bank deposit cover fund.

It will be able to prohibit banks from distributing own funds under certain conditions. This will introduce a new benchmark - the maximum amount distributed. This will be calculated by the BNM.

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