OREANDA-NEWS. July 09, 2013. This is stipulated by the concept for the Risk Centre Establishment, approved by the Administrative Board of NBM of Moldova to consolidate the supervisory abilities of the National Bank in line with its strategy 2013-2017. The concept is designed to ensure the creation of the data base and the infrastructure necessary to switch over to risk-based banking supervision.

The effective risk-based supervision is expected to bring the National Bank’s control to a new orbit, to foster financial stability of the banking sector and lessen pressure supervisory bodies exert on banks of Moldova by requesting less information from them and by using information provided by the NBM information data base. The initiative to establish the Risk Centre was put forward by the National Bank of Moldova in order to establish tougher control over various risks in the banking sector, including the credit ones.

According to NBM, Central Bank of Moldova is committed to develop a strong and competitive financial system at minimal possible risks. Establishing this body will enable NBM to obtain prompt and full information to identify a general level of risks for each bank and to assess more efficient credit risks. Information provided by the data base of credit risks will help the National Bank of Moldova to assess and monitor credit risks threatening the banking sector and groups of banks.

This, in its turn, will create opportunities for optimization of the prudential regulation and consolidation of supervision over the banking sector in the framework of the macro-prudential control over lending in the banking sector.