Introduction of this service is provided for by the Strategic Plan 2013-2017 at the National Bank of Moldova, and is intended to promote development of payment system oversight. The document presented for public consultation also noted that the National Bank will develop and improve regulations and procedures necessary to oversee the systems / tools / market for payment services and non-bank providers of payment services and issuers of electronic money.
It is emphasized that, considering the qualitative and quantitative impact on the banking system, the National Bank will determine the best way to implement the new Basel Capital Accord (Basel II). To achieve this objective they will need to modify existing legislation and develop new legal norms related to adequacy of bank capital to bring them into line with the EU requirements. National Bank noted that the for banking supervision they plan the following measures: introduction of prudential reporting in accordance with the requirements of COREP; consolidated supervision of credit institutions, effective implementation of supervision based on risk, automated processes of generating the required reports, legal documents on improvement of prudential supervision.InfoMarket