Moldova and Romania intend to facilitate mutual access of issuers and investors to the capital markets of the two countries and to connect the Single Central Securities Depository of Moldova to the Romanian infrastructure.
This was stated during a meeting between the leadership of the National Financial Market Commission (CNPF) of Moldova and a delegation from Romania, headed by the president of the Bucharest Stock Exchange Radu Hanga. According to CNPF, the sides discussed the possibilities of expanding the access to financing for Moldova's economic agents and diversification of opportunities for investors on the capital market. CNPF Chairman Dumitru Budianschi emphasized that the development of the trading infrastructure on the capital market in line with European standards is an important task for Moldova's supervisory authority. "We are very much looking forward to sharing the best practices available at the Bucharest Stock Exchange, which has valuable experience and can play a significant role in the development of the trading infrastructure in Moldova," Budianschi said. The sides also discussed issues related to facilitating the mutual access of issuers and investors from Moldova and Romania to the capital markets of the two countries, including by connecting Moldova's Single Central Securities Depository to the Romanian infrastructure. In this respect, it was noted that no serious technical or regulatory restrictions were identified for trading in securities of non-bank issuers from Moldova on the Romanian market and vice versa. The existing difficulties for banks are related to the regulation of the banking sector and are in the field of vision of the National Bank of Moldova and CNPF. // 08.02.2024 - InfoMarket
