Moldova Financial Sector Assessment Program : Basel Core Principles for Effective Banking Supervision
This assessment of Moldova current state of compliance with the Basel core principles for effective banking supervision (BCPs) was undertaken as part of a joint International Monetary Fund (IMF) - World Bank mission in connection with a broader fin...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/10/25218613/moldova-financial-sector-assessment-program http://hdl.handle.net/10986/22911 |
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okr-10986-22911 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
INTERNATIONAL ACCOUNTING STANDARDS ACCOUNTING PRINCIPLES BANKING REGULATION FINANCIAL SERVICES OPERATIONAL RISK LEGAL PROVISION FINANCE MINISTRIES ACCOUNTING INTANGIBLE ASSETS DEPOSITS ACCOUNTING PRACTICES CREDIT APPROVAL PRINCIPAL AUTONOMY BANKING INDUSTRY INTEREST BANK OFFICERS LAWS INTERNAL MANAGEMENT INFORMATION NET REALIZABLE VALUE BANKING SERVICES BANKING SYSTEMS CAPITAL ADEQUACY REORGANIZATION CONNECTED LENDING BIS PRICING PROJECTS ECONOMIC STABILITY FOREIGN EXCHANGE MARKETS DIVIDEND POLICY AUDITS BUDGETARY PROCESSES PRESENT VALUE EQUITY CAPITAL TECHNICAL ASSISTANCE PENALTIES LEGAL PROVISIONS SETTLEMENT SYSTEMS ACCOUNTING POLICIES CHECKING TRANSFERS RECAPITALIZATION FINANCIAL INSTITUTIONS DEBT MARKETS DEPOSIT INSURANCE BANK LIQUIDITY LABOR ENTERPRISES ENFORCEMENT POWERS INVENTORY LEGAL FRAMEWORK ASSET CLASSIFICATION GRANTS INFRASTRUCTURE BANKING SECTOR BANKS BANKING RISKS SUPERVISORY AUTHORITIES OPERATIONAL RISKS CAPITAL AUDITORS SOVEREIGN RISK CREDIT CONTROL BANK FAILURES LOAN LOSS PROVISIONS OFF BALANCE SHEET BANK LENDER OF LAST RESORT MANAGEMENT INFORMATION SYSTEMS PRUDENTIAL REGULATIONS BANKING LAWS FINANCIAL PERFORMANCE MARKET DISCIPLINE LOCAL PUBLIC ADMINISTRATION FACE VALUE SUPERVISORY AGENCIES MARKET RISK TIER 1 CAPITAL SUBSIDIARY CREDIT RISK GOVERNANCE LIQUIDATION VALUE PROFITABILITY INSURANCE MICROFINANCE LAND ACCOUNTING STANDARDS LOAN REVIEWS BANK MANAGEMENT COMMERCIAL BANKS CAPITAL REQUIREMENT ACCOUNTING PROCEDURES RISK TAKING ALM TAX ADMINISTRATION ON SITE EXAMINATION LENDING LIQUIDITY RATIO BANKING SUPERVISION MATURITIES PROBLEM BANKS BANKING LAW LIQUID ASSETS BANK EXPOSURE CONSOLIDATION CONSOLIDATED SUPERVISION EXTERNAL AUDITORS ASSET TRANSFERS CAPITAL MARKETS HOLDING COMPANIES REGULATORY FRAMEWORK SMALL BANKS LIQUIDATION GUARANTEES AFFILIATED COMPANIES INDUSTRY BANKING SYSTEM CAPITAL BASE STRATEGIES SERVICES LOAN COMMITMENTS CREDIT RISK MANAGEMENT BOOK VALUE MACROECONOMIC CONDITIONS LOAN CLASSIFICATION ASSET MANAGEMENT CENTRAL BANKS MANAGEMENT REPORTS ADEQUATE DISCLOSURE INFLATION CAPITAL PLANNING BUDGET BANK COMPLIANCE SAVINGS FINANCIAL STRENGTH FINANCIAL DATA INTEREST RATES MIGRATION CRITERIA CAPITAL REQUIREMENTS LEGISLATION LOANS FINANCIAL REPORTING PERIOD REAL SECTOR FINANCE RATING AGENCIES EQUITY RISK WEIGHTED ASSETS ACCOUNTABILITY SYSTEMIC RISK FINANCIAL STABILITY INTERNATIONAL AUDITING STANDARDS SUBSIDIARIES VALUE CREDIT COLLATERALIZATION EQUITY INVESTMENTS PEER REVIEW SUPERVISORY FRAMEWORK INTERNAL CONTROLS MANDATES PROPERTY FOREIGN BANKS AFFILIATES BALANCE SHEET SUPERVISORY SANCTIONS FOREIGN EXCHANGE MARKET VALUE CREDIT POLICIES CONSOLIDATED FINANCIAL STATEMENTS RISK FACTORS NEW ENTRANTS THE NATIONAL BANK OF MOLDOVA PRUDENTIAL REQUIREMENTS LEGAL PROTECTION RISK NONBANK FINANCIAL INSTITUTIONS FINANCIAL MARKETS TANGIBLE ASSETS BANKING RISK MEASUREMENT DECENTRALIZATION RISK MANAGEMENT FINANCIAL RISK CORRESPONDENT BANKS ENTREPRENEURSHIP UNIVERSAL BANKING GOVERNMENTS ACCOUNTING RECORDS PROPERTY OWNERSHIP CAPITAL STANDARDS ECONOMIC CONDITIONS NONPERFORMING LOANS AUDITING CAPITAL ADEQUACY RATIOS SPECIALIZED BANKS |
| spellingShingle |
INTERNATIONAL ACCOUNTING STANDARDS ACCOUNTING PRINCIPLES BANKING REGULATION FINANCIAL SERVICES OPERATIONAL RISK LEGAL PROVISION FINANCE MINISTRIES ACCOUNTING INTANGIBLE ASSETS DEPOSITS ACCOUNTING PRACTICES CREDIT APPROVAL PRINCIPAL AUTONOMY BANKING INDUSTRY INTEREST BANK OFFICERS LAWS INTERNAL MANAGEMENT INFORMATION NET REALIZABLE VALUE BANKING SERVICES BANKING SYSTEMS CAPITAL ADEQUACY REORGANIZATION CONNECTED LENDING BIS PRICING PROJECTS ECONOMIC STABILITY FOREIGN EXCHANGE MARKETS DIVIDEND POLICY AUDITS BUDGETARY PROCESSES PRESENT VALUE EQUITY CAPITAL TECHNICAL ASSISTANCE PENALTIES LEGAL PROVISIONS SETTLEMENT SYSTEMS ACCOUNTING POLICIES CHECKING TRANSFERS RECAPITALIZATION FINANCIAL INSTITUTIONS DEBT MARKETS DEPOSIT INSURANCE BANK LIQUIDITY LABOR ENTERPRISES ENFORCEMENT POWERS INVENTORY LEGAL FRAMEWORK ASSET CLASSIFICATION GRANTS INFRASTRUCTURE BANKING SECTOR BANKS BANKING RISKS SUPERVISORY AUTHORITIES OPERATIONAL RISKS CAPITAL AUDITORS SOVEREIGN RISK CREDIT CONTROL BANK FAILURES LOAN LOSS PROVISIONS OFF BALANCE SHEET BANK LENDER OF LAST RESORT MANAGEMENT INFORMATION SYSTEMS PRUDENTIAL REGULATIONS BANKING LAWS FINANCIAL PERFORMANCE MARKET DISCIPLINE LOCAL PUBLIC ADMINISTRATION FACE VALUE SUPERVISORY AGENCIES MARKET RISK TIER 1 CAPITAL SUBSIDIARY CREDIT RISK GOVERNANCE LIQUIDATION VALUE PROFITABILITY INSURANCE MICROFINANCE LAND ACCOUNTING STANDARDS LOAN REVIEWS BANK MANAGEMENT COMMERCIAL BANKS CAPITAL REQUIREMENT ACCOUNTING PROCEDURES RISK TAKING ALM TAX ADMINISTRATION ON SITE EXAMINATION LENDING LIQUIDITY RATIO BANKING SUPERVISION MATURITIES PROBLEM BANKS BANKING LAW LIQUID ASSETS BANK EXPOSURE CONSOLIDATION CONSOLIDATED SUPERVISION EXTERNAL AUDITORS ASSET TRANSFERS CAPITAL MARKETS HOLDING COMPANIES REGULATORY FRAMEWORK SMALL BANKS LIQUIDATION GUARANTEES AFFILIATED COMPANIES INDUSTRY BANKING SYSTEM CAPITAL BASE STRATEGIES SERVICES LOAN COMMITMENTS CREDIT RISK MANAGEMENT BOOK VALUE MACROECONOMIC CONDITIONS LOAN CLASSIFICATION ASSET MANAGEMENT CENTRAL BANKS MANAGEMENT REPORTS ADEQUATE DISCLOSURE INFLATION CAPITAL PLANNING BUDGET BANK COMPLIANCE SAVINGS FINANCIAL STRENGTH FINANCIAL DATA INTEREST RATES MIGRATION CRITERIA CAPITAL REQUIREMENTS LEGISLATION LOANS FINANCIAL REPORTING PERIOD REAL SECTOR FINANCE RATING AGENCIES EQUITY RISK WEIGHTED ASSETS ACCOUNTABILITY SYSTEMIC RISK FINANCIAL STABILITY INTERNATIONAL AUDITING STANDARDS SUBSIDIARIES VALUE CREDIT COLLATERALIZATION EQUITY INVESTMENTS PEER REVIEW SUPERVISORY FRAMEWORK INTERNAL CONTROLS MANDATES PROPERTY FOREIGN BANKS AFFILIATES BALANCE SHEET SUPERVISORY SANCTIONS FOREIGN EXCHANGE MARKET VALUE CREDIT POLICIES CONSOLIDATED FINANCIAL STATEMENTS RISK FACTORS NEW ENTRANTS THE NATIONAL BANK OF MOLDOVA PRUDENTIAL REQUIREMENTS LEGAL PROTECTION RISK NONBANK FINANCIAL INSTITUTIONS FINANCIAL MARKETS TANGIBLE ASSETS BANKING RISK MEASUREMENT DECENTRALIZATION RISK MANAGEMENT FINANCIAL RISK CORRESPONDENT BANKS ENTREPRENEURSHIP UNIVERSAL BANKING GOVERNMENTS ACCOUNTING RECORDS PROPERTY OWNERSHIP CAPITAL STANDARDS ECONOMIC CONDITIONS NONPERFORMING LOANS AUDITING CAPITAL ADEQUACY RATIOS SPECIALIZED BANKS International Monetary Fund World Bank Moldova Financial Sector Assessment Program : Basel Core Principles for Effective Banking Supervision |
| geographic_facet |
Europe and Central Asia Moldova |
| description |
This assessment of Moldova current state
of compliance with the Basel core principles for effective
banking supervision (BCPs) was undertaken as part of a joint
International Monetary Fund (IMF) - World Bank mission in
connection with a broader financial sector assessment
program exercise. This version of the assessment has a
greater focus on risk management policies and practices
implemented by supervised institutions and their assessment
by the supervisory authority as well as more emphasis on
quality implementation of supervisory standards. The
assessment has been conducted in accordance with the revised
BCP assessment methodology approved by the Basel committee
and was based on extensive discussions with officers and
staff members of the Banking Supervision Department in
National Bank of Moldova (NBM), and a review of internal
supervisory documents, such as manuals, operating policies,
examination reports, and external audit reports. The mission
reviewed the BCP self-assessment undertaken by NBM preceding
this assessment, and detailed responses to a questionnaire
addressing supervisory issues. The assessment should provide
the Moldovan authorities with an internationally consistent
measure of quality of their banking supervision relative to
the 2012 revision of the core principles, which are
internationally recognized as minimum standards. |
| format |
Report |
| author |
International Monetary Fund World Bank |
| author_facet |
International Monetary Fund World Bank |
| author_sort |
International Monetary Fund |
| title |
Moldova Financial Sector Assessment Program : Basel Core Principles for Effective Banking Supervision |
| title_short |
Moldova Financial Sector Assessment Program : Basel Core Principles for Effective Banking Supervision |
| title_full |
Moldova Financial Sector Assessment Program : Basel Core Principles for Effective Banking Supervision |
| title_fullStr |
Moldova Financial Sector Assessment Program : Basel Core Principles for Effective Banking Supervision |
| title_full_unstemmed |
Moldova Financial Sector Assessment Program : Basel Core Principles for Effective Banking Supervision |
| title_sort |
moldova financial sector assessment program : basel core principles for effective banking supervision |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/10/25218613/moldova-financial-sector-assessment-program http://hdl.handle.net/10986/22911 |
| _version_ |
1764452398391099392 |
| spelling |
okr-10986-229112021-04-23T14:04:11Z Moldova Financial Sector Assessment Program : Basel Core Principles for Effective Banking Supervision International Monetary Fund World Bank INTERNATIONAL ACCOUNTING STANDARDS ACCOUNTING PRINCIPLES BANKING REGULATION FINANCIAL SERVICES OPERATIONAL RISK LEGAL PROVISION FINANCE MINISTRIES ACCOUNTING INTANGIBLE ASSETS DEPOSITS ACCOUNTING PRACTICES CREDIT APPROVAL PRINCIPAL AUTONOMY BANKING INDUSTRY INTEREST BANK OFFICERS LAWS INTERNAL MANAGEMENT INFORMATION NET REALIZABLE VALUE BANKING SERVICES BANKING SYSTEMS CAPITAL ADEQUACY REORGANIZATION CONNECTED LENDING BIS PRICING PROJECTS ECONOMIC STABILITY FOREIGN EXCHANGE MARKETS DIVIDEND POLICY AUDITS BUDGETARY PROCESSES PRESENT VALUE EQUITY CAPITAL TECHNICAL ASSISTANCE PENALTIES LEGAL PROVISIONS SETTLEMENT SYSTEMS ACCOUNTING POLICIES CHECKING TRANSFERS RECAPITALIZATION FINANCIAL INSTITUTIONS DEBT MARKETS DEPOSIT INSURANCE BANK LIQUIDITY LABOR ENTERPRISES ENFORCEMENT POWERS INVENTORY LEGAL FRAMEWORK ASSET CLASSIFICATION GRANTS INFRASTRUCTURE BANKING SECTOR BANKS BANKING RISKS SUPERVISORY AUTHORITIES OPERATIONAL RISKS CAPITAL AUDITORS SOVEREIGN RISK CREDIT CONTROL BANK FAILURES LOAN LOSS PROVISIONS OFF BALANCE SHEET BANK LENDER OF LAST RESORT MANAGEMENT INFORMATION SYSTEMS PRUDENTIAL REGULATIONS BANKING LAWS FINANCIAL PERFORMANCE MARKET DISCIPLINE LOCAL PUBLIC ADMINISTRATION FACE VALUE SUPERVISORY AGENCIES MARKET RISK TIER 1 CAPITAL SUBSIDIARY CREDIT RISK GOVERNANCE LIQUIDATION VALUE PROFITABILITY INSURANCE MICROFINANCE LAND ACCOUNTING STANDARDS LOAN REVIEWS BANK MANAGEMENT COMMERCIAL BANKS CAPITAL REQUIREMENT ACCOUNTING PROCEDURES RISK TAKING ALM TAX ADMINISTRATION ON SITE EXAMINATION LENDING LIQUIDITY RATIO BANKING SUPERVISION MATURITIES PROBLEM BANKS BANKING LAW LIQUID ASSETS BANK EXPOSURE CONSOLIDATION CONSOLIDATED SUPERVISION EXTERNAL AUDITORS ASSET TRANSFERS CAPITAL MARKETS HOLDING COMPANIES REGULATORY FRAMEWORK SMALL BANKS LIQUIDATION GUARANTEES AFFILIATED COMPANIES INDUSTRY BANKING SYSTEM CAPITAL BASE STRATEGIES SERVICES LOAN COMMITMENTS CREDIT RISK MANAGEMENT BOOK VALUE MACROECONOMIC CONDITIONS LOAN CLASSIFICATION ASSET MANAGEMENT CENTRAL BANKS MANAGEMENT REPORTS ADEQUATE DISCLOSURE INFLATION CAPITAL PLANNING BUDGET BANK COMPLIANCE SAVINGS FINANCIAL STRENGTH FINANCIAL DATA INTEREST RATES MIGRATION CRITERIA CAPITAL REQUIREMENTS LEGISLATION LOANS FINANCIAL REPORTING PERIOD REAL SECTOR FINANCE RATING AGENCIES EQUITY RISK WEIGHTED ASSETS ACCOUNTABILITY SYSTEMIC RISK FINANCIAL STABILITY INTERNATIONAL AUDITING STANDARDS SUBSIDIARIES VALUE CREDIT COLLATERALIZATION EQUITY INVESTMENTS PEER REVIEW SUPERVISORY FRAMEWORK INTERNAL CONTROLS MANDATES PROPERTY FOREIGN BANKS AFFILIATES BALANCE SHEET SUPERVISORY SANCTIONS FOREIGN EXCHANGE MARKET VALUE CREDIT POLICIES CONSOLIDATED FINANCIAL STATEMENTS RISK FACTORS NEW ENTRANTS THE NATIONAL BANK OF MOLDOVA PRUDENTIAL REQUIREMENTS LEGAL PROTECTION RISK NONBANK FINANCIAL INSTITUTIONS FINANCIAL MARKETS TANGIBLE ASSETS BANKING RISK MEASUREMENT DECENTRALIZATION RISK MANAGEMENT FINANCIAL RISK CORRESPONDENT BANKS ENTREPRENEURSHIP UNIVERSAL BANKING GOVERNMENTS ACCOUNTING RECORDS PROPERTY OWNERSHIP CAPITAL STANDARDS ECONOMIC CONDITIONS NONPERFORMING LOANS AUDITING CAPITAL ADEQUACY RATIOS SPECIALIZED BANKS This assessment of Moldova current state of compliance with the Basel core principles for effective banking supervision (BCPs) was undertaken as part of a joint International Monetary Fund (IMF) - World Bank mission in connection with a broader financial sector assessment program exercise. This version of the assessment has a greater focus on risk management policies and practices implemented by supervised institutions and their assessment by the supervisory authority as well as more emphasis on quality implementation of supervisory standards. The assessment has been conducted in accordance with the revised BCP assessment methodology approved by the Basel committee and was based on extensive discussions with officers and staff members of the Banking Supervision Department in National Bank of Moldova (NBM), and a review of internal supervisory documents, such as manuals, operating policies, examination reports, and external audit reports. The mission reviewed the BCP self-assessment undertaken by NBM preceding this assessment, and detailed responses to a questionnaire addressing supervisory issues. The assessment should provide the Moldovan authorities with an internationally consistent measure of quality of their banking supervision relative to the 2012 revision of the core principles, which are internationally recognized as minimum standards. 2015-11-06T16:38:47Z 2015-11-06T16:38:47Z 2014-06 Report http://documents.worldbank.org/curated/en/2015/10/25218613/moldova-financial-sector-assessment-program http://hdl.handle.net/10986/22911 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ International Monetary Fund and World Bank World Bank, Washington, DC Economic & Sector Work :: Financial Sector Assessment Program Economic & Sector Work Europe and Central Asia Moldova |