Banking Alert: EBA assesses Republic of Moldova

National Bank of Moldova has been added to the list of equivalent confidentiality regimes

EBA recently published the outcome of its equivalence assessment, based on the relevant provisions of the Capital Requirements Directive (CRD IV). National Bank of Moldova’s confidentiality regimes can be regarded as equivalent to those included in the Directive.

This decision comes as a result of the agreement between EBA and the National Bank of Moldova (NBM) regarding the Republic’s participation in the equivalence exercise. Positive EBA evaluation will be relevant in facilitating the exchange of information between the NBM and EU supervisors and will enable the possibility to the NBM to play a part in the colleges of supervisors overseeing the EU bank groups.