Regulatory AlertsRegulation on Internal Assessment of Own Risks and Solvency for Insurance and Reinsurance Undertakings
The National Bank of Moldova issued Decision No 243/2024 to approve a regulation establishing internal risk and solvency assessment (ORSA) requirements for insurance and reinsurance undertakings. The framework mandates these entities to conduct standardized stress tests and continuous monitoring procedures to verify their ongoing capacity to maintain financial stability. Effective October 4, 2024, the regulation standardizes supervisory reporting and aligns domestic solvency calculations with broader macroprudential objectives.
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