Moldova Financial Sector Assessment Program : Bank Crisis Resolution
The FSAP mission to Moldova included an assessment of the financial crisis resolution framework, focusing on bank resolution arrangements. The FSAP did not include an assessment of crisis resolution arrangements in respect of insurance, Financial M...
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| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/10/25149781/moldova-financial-sector-assessment-program-technical-note-bank-crisis-resolution http://hdl.handle.net/10986/22909 |
| Summary: | The FSAP mission to Moldova included an
assessment of the financial crisis resolution framework,
focusing on bank resolution arrangements. The FSAP did not
include an assessment of crisis resolution arrangements in
respect of insurance, Financial Market Infrastructure (FMI)
or other types of financial institutions. However, many of
the findings and recommendations made in this report in
relation to bank crisis resolution are also likely to be
pertinent to other parts of the financial sector.
Accordingly, the authorities are encouraged to draw on this
Technical Note to assist them in reviewing the crisis
resolution framework applicable to insurance, FMI and other
categories of financial institution. The assessment was
undertaken having regard to the principles set out in the
Financial Stability Board’s (FSB’s) key attributes of
effective resolution regimes for financial institutions (key
attributes). In undertaking this assessment, the mission
reviewed relevant legislation applicable to bank crisis
resolution, particularly the law on financial institutions
and the Law on the National Bank of Moldova. It also
reviewed the government decree establishing the NCFS and the
MOU established for members of the NCFS. |
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