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.
Details
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Author
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Document Date
2014/06/01
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Document Type
Financial Sector Assessment Program (FSAP)
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Report Number
100204
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2015/10/14
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Disclosure Status
Disclosed
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Doc Name
Moldova - Financial sector assessment program : technical note - bank crisis resolution
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Keywords
Finance & Private Sector Development;crisis resolution;law;management of foreign exchange reserves;Monetary and Capital Markets;sale and repurchase agreement;liquidity support to bank;bank resolution;transfer of business;holding company;bank's loan portfolio;exercise of power;bank holding company;provision of liquidity;termination of contract;deposit insurance scheme;financial system stability;portfolio of loan;early warning indicator;Special Purpose Vehicle;access to fund;number of banks;right of shareholder;bank's loan book;systemic financial crisis;stock exchange listing;term capital;event of default;financial stability objective;contract in question;exchange of information;joint stock company;sale of share;banking system asset;bank crisis;
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Citation
Gray,Neil Simon M. Coleman,Brett E.
Moldova - Financial sector assessment program : technical note - bank crisis resolution (English). Financial Sector Assessment Program (FSAP) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/532621467987830333/Moldova-Financial-sector-assessment-program-technical-note-bank-crisis-resolution