The National Bank of Moldova (NBM) presented the progress of the Republic of Moldova on Chapter 9 "Financial Services", during the bilateral screening meeting, which took place on 3-4 February 2025, in Brussels, as part of the negotiations for accession to the European Union (EU).

The delegation of the Republic of Moldova, led by the Head of the Bureau for European Integration, Ghenadie Marian, included representatives of the NBM leadership, as well as representatives from other national institutions. The meeting was also attended, in online format, by members of the National Working Group responsible for the "Financial Services" chapter.

The event’s agenda included topics within the areas of competence of the NBM, such as the banking sector, the insurance sector, financial market infrastructure, sustainable finance, and digital finance.

The representatives of the Republic of Moldova’s delegation presented the progress made at the national level regarding the reform and development of the financial services sector, emphasizing that the alignment of national legislation with EU standards and practices is an essential contribution to strengthening the stability, security, and efficiency of the financial system, as well as to increasing the protection of financial services beneficiaries and investors.

During the meeting, topics were addressed regarding the major reform of the banking legislation, initiated in 2018, through the adoption of a new banking law - Law No. 202/2017 on banks’ activity and secondary regulations for its implementation; the evolution of financial markets infrastructure, including the process of harmonization of the national legal framework with the requirements of the European Union, initiated in 2012; the achievements in the insurance sector, including alignment with the requirements of the EU Solvency II Directive and EU rules on motor civil liability insurance, as well as other important issues in the field.

Chapter 9 "Financial Services" is part of Cluster No. 2 "Internal Market" and is one of the chapters of the EU acquis covering key EU policy areas, which the Republic of Moldova is negotiating in preparation for EU accession. Financial services are of major importance for the proper functioning of the European Union’s internal market and therefore, this area is a fundamental element in the European integration process of the Republic of Moldova.