EBA Moldova participated in the meeting, during which several important aspects were highlighted:
- strengthening at national level a legal framework oriented towards preventing insolvency and rescuing viable enterprises, before financial difficulties degenerate into insolvency;
- moving from a predominantly reactive approach to a model that favors early intervention, where there are real prospects for recovery
- creating a more predictable and functional framework for debtors and creditors, including by facilitating the negotiation of restructuring plans, protecting business continuity and stimulating the financing necessary for recovery
- the importance of involving the business community to ensure a balance necessary for the efficient functioning of a national regulatory framework aligned with EU legislation.
EBA was represented by Nadejda Chirita, Policy and Advocacy Manager.
Given that EBA supports the development of a transparent and functional framework, we will submit a position paper to the Ministry of Economic Development and Digitalization, with concrete proposals to improve the national regulatory framework, aligned with community legislation.