NBM Governor Anca Dragu noted Moldova's progress in modernizing financial markets and integrating into the European financial system at a meeting of the European Secured Bond Council
According to the National Bank (NBM), its head, Anca Dragu, delivered a speech at the 36th plenary meeting of the European Covered Bond Council (ECBC), which took place in Athens on April 29–30. During the meeting, an important topic of discussions was the promotion of financial solutions for affordable housing, a pressing issue in the European and regional context. As noted, Moldova intends to modernize its legislation on affordable housing in line with EU standards and norms in order to provide citizens with broader access to financing and better living conditions. In her speech, Anca Dragu highlighted Moldova's progress in modernizing financial markets and promoting integration into the European financial system. The NBM head outlined the institution's current priorities in this area: reforming and developing the financial market, diversifying available financial instruments, digitizing the financial infrastructure, and creating a more favorable environment for investors. She emphasized that Moldova's accession to the Single Euro Payments Area (SEPA) on March 6 was an important milestone. “Joining SEPA will simplify payments in euros and provide fast and inexpensive solutions for transfers, which will be an important step towards Moldova's integration into the European financial area,” Anca Dragu said. At the same time, the head of the NBM welcomed the initiative of the Bucharest Stock Exchange to promote the creation of a modern stock exchange in Moldova by the end of 2025. “This will pave the way for cross-border payment transactions and become one of the central pillars in ensuring the free movement of capital,” Anca Dragu added. According to the NBM, the European Secured Bond Council's biannual plenary meeting is the main platform for dialogue in the secured bond industry, traditionally bringing together more than 300 key decision-makers: representatives of government and regulatory authorities at the national, European, and global levels, investors, analysts, rating agencies, and journalists. The event was also attended by representatives of the European Banking Authority (EBA) and the European Commission. “We want Moldova to become a reliable partner in the international financial arena, offering its citizens the same guarantees of security and prosperity as the European Union,” concluded the NBM Governor. The European Covered Bond Council on (ECBC), established by the European Mortgage Federation (EMF), is a European platform for dialogue between covered bond market participants and aims to represent and promote the interests of covered bond market participants at the international level. // 30.04.2025 — InfoMarket
