Prime Minister’s office invited the German Economic Team to present its concept for a reform of the National Committee on Financial Stability (NCFS). Indeed, the fact that the committee in its current form proved inefficient in preventing and managing the current banking crisis, underlines the need for reform. Thus, taking into account the lessons learned in Moldova as well as the experience in other countries, GET Moldova together with our partner institute Expert Grup elaborated a reform concept for the Financial Stability Committee.
Our recommendation were presented to the Prime Minister of the Republic of Moldova Pavel Filip. In the meeting also participated the Minister of Finance, the Deputy Governor and the head of the Deposit Insurance Fund – those institutions which should be part of a reformed Financial Stability Committee. Prime Minister Filip thanked the team for their work and voiced his support for such a reform of the committee as part of wider reform of Moldova’s crisis prevention and resolution framework.
More information about the event can be found at the Website of the Government of the Republic of Moldova