The National Bank of Moldova (NBM) and European partners strengthen corporate governance in the banking sector
The NBM reported this, noting that as part of the EU-funded project “Moldova is Europe. Support for European integration,” it held a seminar on strengthening corporate governance in the banking sector. During the discussions, which were attended by more than 70 representatives of bank management, the need to develop and implement appropriate policies and procedures for assessing the compliance of members of the management body and persons holding key positions in Moldovan banking institutions was discussed. In her speech, Anca Dragu, Governor of the National Bank of Moldova, emphasized the importance of adhering to the highest standards. She noted that good corporate governance is a key pillar of stability and confidence in the financial system. “By applying European standards, we ensure sound management of banking institutions and, consequently, protect the interests of depositors and the economy,” said the head of the National Bank. The event highlighted the importance of clear assessment criteria, such as integrity, good faith, and independent thinking, as well as the experience and collective skills of the board of directors. The European Union's High Level Adviser on Financial Services, Nicolae Grigore, presented the best practices in supervision that exist within the European System of Financial Supervision, emphasizing the need to allocate adequate human and financial resources for the training and education of members of the governing body and persons in key positions. Tatiana Ivanicichina, Vice Governor of the National Bank of Moldova, stated that it is extremely important that decision-makers in banks are not only competent but also demonstrate genuine independence and impeccable integrity, as these qualities are fundamental to building a sustainable and reliable banking sector. During the discussions, NBM Vice Governor Constantin Schendra also emphasized that people are the foundation of a reliable corporate governance system in the banking sector, and therefore the process of evaluating executive and non-executive directors must be approached with the utmost rigor and responsibility. The seminar focused on the provisions of EU Directive 2013/36/EU on access to the activity of credit institutions and investment firms and their prudential supervision, as well as the European Banking Authority's Guidelines on the governance framework for these activities. The event provided a platform for constructive dialogue between the NBM and representatives of the banking sector, contributing to greater transparency and accountability. This is crucial for preparing Moldova's banking system for full integration into the European Union. // 05.09.2025 — InfoMarket
