Regulatory Alerts2008-04-30
Decision on the approval of the financial prudential rules for savings and credit associations No 17/8 of 30 April 2008
The National Commission for Financial Markets of Moldova issued Decision No 17/8 to approve the Financial Prudential Rules for Savings and Credit Associations, establishing mandatory regulatory standards for their operation. The document mandates specific requirements for institutional reserves, liquidity maintenance, asset-liability management, and strict limits on loan concentrations and risk exposure. It further defines loan classification categories, prescribes loan loss provisioning percentages, and regulates transactions with affiliated persons to ensure systemic stability and member protection.
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