Resource information
This assessment of Moldova current state
of compliance with the Basel core principles for effective
banking supervision (BCPs) was undertaken as part of a joint
International Monetary Fund (IMF) - World Bank mission in
connection with a broader financial sector assessment
program exercise. This version of the assessment has a
greater focus on risk management policies and practices
implemented by supervised institutions and their assessment
by the supervisory authority as well as more emphasis on
quality implementation of supervisory standards. The
assessment has been conducted in accordance with the revised
BCP assessment methodology approved by the Basel committee
and was based on extensive discussions with officers and
staff members of the Banking Supervision Department in
National Bank of Moldova (NBM), and a review of internal
supervisory documents, such as manuals, operating policies,
examination reports, and external audit reports. The mission
reviewed the BCP self-assessment undertaken by NBM preceding
this assessment, and detailed responses to a questionnaire
addressing supervisory issues. The assessment should provide
the Moldovan authorities with an internationally consistent
measure of quality of their banking supervision relative to
the 2012 revision of the core principles, which are
internationally recognized as minimum standards.
