OREANDA-NEWS. February 27, 2010. The National Bank of Moldova adopted amendments to the regulation on transactions of a bank with its affiliated persons and the regulation on the bank’s liquidity. Under the alterations introduced into the regulation on the bank’s liquidity, banks are to develop the adequate internal policies for identification, monitoring, control and restriction of the risk connected with liquidity they are exposed to by December 31, 2010.

The liquidity management policy is to include the next basic components: informational systems for evaluation, monitoring and reporting on the level of liquidity, stress-tests in order to determine weal places connected with the bank’s liquidity level, liquidity management plans in conditions of the stress scenarios and the control over liquidity management.

The NBM also set that securities and inter-bank placements may be included into the count of assets only if they are free from bans. The alterations to the regulation on bank transactions with their affiliated persons aim to reduce banks’ opportunities to be involved in operations with affiliated persons to avoid excessive risks. The maximum volume of credits, securities that that bank can provide to affiliated persons a group of affiliated persons of the bank was reduced from 20% to 10% of the joint normative capital of a bank.

At the same time, banks will be obliged to implement policies on affiliated persons connected with risks and to report within the framework of the internal process of management of the respective risks. Bank are to bring their activity in line with the new regulations until December 31, 2010.