The National Bank of Moldova (NBM) organised, within the European Union-funded project "Moldova is Europe - Support for EU Integration," an online training session dedicated to the implementation of the provisions of the Regulation on own funds requirements for operational risk, which will enter into force on 1 January 2027.

The event brought together over a hundred representatives of the banking community and aimed to facilitate a practical understanding of the new regulatory requirements in the context of aligning the national regulatory framework with European standards.

During the session, participants were informed about the provisions of this regulation and aspects related to its implementation, so as to ensure a clear understanding of the applicable requirements and the steps necessary to implement the new provisions.

Additionally, participants were informed about the provisions of the draft decision that will regulate the reporting framework for own funds requirements for operational risk, a project that is to be submitted for public consultation. In this context, the proposed amendments to the Instruction on the submission of COREP (Common Reporting) reports by banks for supervisory purposes were also presented, which will include the reports and instructions for their completion.

The training session was opened by Mr. Nicolae Grigore, Senior EU Advisor on Financial Services, who presented the main updates brought by the amendment of Regulation (EU) No. 575/2013 on prudential requirements for credit institutions and investment firms, with a focus on the new method for determining own funds requirements for operational risk. During his presentation, he highlighted the implications for the banking sector of the revised standardised framework, emphasising the importance of uniform transposition and application of these provisions in the context of Moldova's European path, stating that "The implementation of the European framework will contribute to strengthening financial stability, increasing transparency in operational risk management, and ensuring enhanced protection of the financial system."

In this context, the NBM continues to promote decision-making transparency and public consultation, encouraging the involvement of all stakeholders in the process of modernising and strengthening the financial sector.