Republic of Moldova: Financial System Stability Assessment: Update
IMF Staff Country Reports, August 7, 2008
Source details
- Canonical URL
- Republic of Moldova: Financial System Stability Assessment: Update
Other formats
Bibliographic details
- Published: August 7, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451825176.002
Summary findings
- 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.
- Other financial supervisors have been considerably less successful in identifying bank owners.
Stress tests and scenarios
- Stress tests were applied to likely scenarios and did not indicate major vulnerabilities for the banking system as a whole.
Supervisory progress and weaknesses
- Progress: NBM has improved in identifying bank owners since the 2004 Financial Sector Assessment Program.
- Weakness: Other financial supervisors remain considerably less successful in identifying bank owners.
Subjects and keywords (as listed)
- Subject: Bank deposits, Banking, Commercial banks, Financial institutions, Financial markets, Financial regulation and supervision, Financial Sector Assessment Program, Insurance, Nonperforming loans, Payment systems
- Keywords: bank, bank supervisor, Commercial banks, Core principle, CR, Global, Insurance, interest rate, ISCR, market, NBM, NBM certificate, NBM Law, NBM regulation, NBM supervisor, NBM's bank, Nonperforming loans, payment system infrastructure, Payment systems, settlement bank, system infrastructure, transmission mechanism, Western Europe