Republic of Moldova: Financial System Stability Assessment: Update

Volume/Issue: Volume 2008 Issue 274
Publication date: August 2008
ISBN: 9781451825176
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Topics covered in this book

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Banks and Banking , Finance , Business and Financial , ISCR , CR , NBM , bank , interest rate , market , NBM Law , NBM certificate , transmission mechanism , NBM supervisor , payment system infrastructure , settlement bank , Core principle , NBM's bank , bank supervisor , NBM regulation , system infrastructure , Commercial banks , Payment systems , Insurance , Nonperforming loans , Western Europe , Global

Summary

This paper discusses key findings of the Financial System Stability Assessment (FSSA) on Moldova. The assessment reveals that vulnerabilities of the financial sector appear to be manageable. Stress tests on likely scenarios do not indicate major vulnerabilities for the banking system as a whole. Since the 2004 Financial Sector Assessment Program, the National Bank of Moldova (NBM) has made progress in identifying bank owners, an issue then flagged as a major vulnerability, but other financial supervisors have been considerably less successful in this respect.