Moldova is drafting a law that will protect borrowers and establish clear and transparent rules for the secondary credit market, in accordance with EU standards
As noted by officials implementing the “Moldova is Europe: Support for EU Integration” project, Moldova is aligning its secondary credit market legislation with EU standards to create a sustainable, transparent, and investor-friendly financial system. As noted, Moldova is in the process of drafting a bill that will ensure borrower protection and introduce clear, transparent rules in the secondary credit market—in accordance with EU legislation and practice. The new legal framework will expand borrower protection measures from the moment a loan is granted, while also regulating debt collection and loan management processes. To support this process, 11 representatives from the National Financial Market Commission and the Ministry of Finance participated in a two-day training session focused on harmonizing Moldovan legislation with EU Directive 2021/2167 on the activities of loan servicing agents and loan purchasers. The event was organized as part of the EU- and Denmark-funded project “Moldova is Europe: Supporting EU Integration.” The training was mentored by Angela-Margareta Oprea, a project expert on consumer protection in the financial services sector. On the first day, the provisions of EU Directive 2021/2167 were examined in detail, and methods for its implementation by EU countries were analyzed, with particular attention paid to the institutional capacity of the National Financial Market Commission to monitor compliance with the new regulatory framework. The second day began with a review of the Moldovan draft law and the formulation of recommendations for its improvement. This was followed by an expanded meeting with 19 representatives of the private sector—banks, non-bank credit institutions, and debt collection companies—to present the new regulatory requirements and their impact on the business models of the respective organizations. As noted, harmonizing financial market legislation with EU standards is not merely a legal formality, but one of the fundamental elements in building a more stable, transparent, and investor-friendly financial system, which ultimately benefits consumers. // 09.04.2026 - InfoMarket
