Regulatory Alerts2019-12-31
Regulation on the classification of assets by non-bank credit organizations
The National Commission for Financial Markets of Moldova issued Decision No 60/4 to approve regulations requiring non-bank credit organizations to classify assets and calculate loss provisions. The framework mandates quarterly asset classification into five risk categories based on payment delinquency periods and establishes mandatory provisioning percentages ranging from 2% for standard assets to 100% for compromised ones. Additional rules dictate stricter classifications for renegotiated assets, unsecured loans, and situations involving litigation or insolvency to ensure accurate supervisory and tax reporting.
Share