Regulatory Alerts2016-03-09
Instruction on the Compilation and Submission by Banks of Primary Reports to Identify and Supervise Credit Risk, NBM Decision No. 54 of March 9, 2016
The National Bank of Moldova's Executive Board Decision No. 54 of March 9, 2016, approves an Instruction requiring licensed banks to compile and submit primary reports for identifying and supervising credit risk. These mandatory electronic reports include daily credit and commitment data, information on affiliated persons and collateral for large borrowers, and applications for large loans, all consolidated across bank divisions. Banks must maintain financial records to support these reports, reflect amounts in MDL with specific formatting, and submit explanatory notes for significant inconsistencies or adjustments following NBM inspections or annual audits.
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