Electronic reporting to the NBM - discussed at the meeting of the EBA's Financial and Capital Markets Committee

On January 9, 2025, the EBA held a meeting dedicated to the draft amendments to the Instruction on electronic reporting to the National Bank of Moldova (Decision No 245/2019).

The draft provides for several significant amendments, such as:

  • Expansion of the list of reporting entities to include insurers, reinsurers, non-bank lending organizations, credit history bureaus and others;
  • Simplification of the reporting process through full digitization and the use of a single electronic signatory;
  • Elimination of paper-based registration applications.

At the meeting, EBA members analyzed the impact of the changes and proposed adjustments to ensure an optimal transition to digital reporting.