Moldova's Capital Market Development Strategy will stimulate the supply of new financial instruments - CNPF
Chairman of the National Financial Market Commission (CNPF) Dumitru Budianschi stated this while speaking at the “Future of Governance 2025” conference, which addressed important issues related to the future of the capital market and financial regulation in Moldova. According to CNPF, in his speech, Dumitru Budianschi emphasized the main tasks of the supervisory authority, aimed at ensuring the efficiency of the capital market and protecting the rights of consumers of financial services. CNPF Chairman noted that the authority is in a constant process of regulation and improvement of its supervisory mechanisms. Another important topic of discussion was the problems and opportunities of the capital market in Moldova, in the context of a market undergoing a restructuring process, which should respond to the local needs and scale. In this context, the need to harmonize the national legislation with the EU norms - a complex process involving the transposition of more than 200 legislative acts - was stressed. Dumitru Budianschi also spoke about the Capital Market Development Strategy, a document that is currently at the stage of public consultations and is aimed at creating favorable conditions for the development of the local market, thus stimulating the supply of financial instruments. A key component of the Strategy is to attract issuers to the capital market, which requires the adoption of regulations that meet the current needs, including support for the consulting sector in the capital market, which currently has no state support. CNPF Chairman emphasized the importance of learning how to borrow on the local capital market, as Moldova does not yet have a segment of institutional investors on the local market. In this context, the CNPF's constant efforts, jointly with the Investment Agency and the government, are important in order to stimulate the economic development through the use of investment funds. Dumitru Budianschi also emphasized the importance of international cooperation, especially with the Romanian Financial Supervisory Authority (ASF) and the Bucharest Stock Exchange, to promote the integration of the Moldovan capital market into the regional and European context. The event was organized by Envisia - Boards of Elite, Moore RO-MD, the Association of Romanian Investors in Moldova and the Bucharest Stock Exchange as an institutional partner and became the starting point for a permanent dialogue on the development of the financial and capital market in Moldova. // 21.03.2025 – InfoMarket
