A more stable, transparent and investor-friendly financial system – the aim of aligning the secondary credit market with EU standards
Moldova is in the process of drafting a law that will protect borrowers and bring clear, transparent rules to the secondary credit market — inspired by European Union legislation and practice. The new framework will extend borrower protections beyond the moment a loan is granted, regulating also the stages of debt collection and loan management. To support this process, 11 representatives of the National Commission for Financial Markets and Ministry of Finance participated in a two-day training dedicated to aligning Moldova’s draft legislation with the EU Directive 2021/2167 on credit servicers and credit purchasers. The event took place on 2–3 April and was organised within the EU and Denmark funded project ”Moldova is Europe – Support for EU Integration”.
The training sessions were facilitated by Angela-Margareta Oprea, Senior Non-Key Expert on Consumer Protection in Financial Services within the project. The first day covered EU Directive 2021/2167’s requirements in depth and reviewed how EU member states have transposed it, with special attention to the institutional capacity of the National Commission for Financial Markets to supervise the new framework. The second day started with reviewing the Moldovan draft law and formulating recommendations for its improvement. The day continued with an extended meeting with 19 private sector representatives — commercial banks, non-bank credit organisations, and debt collection companies — to present the new regulatory requirements and their impact on the business models of the entities concerned.
Aligning financial market legislation with EU rules is not just a legal formality — it is a building block for a more stable, transparent, and investor-friendly financial system that ultimately benefits consumers. The two-day training is a direct contribution to this effort, strengthening the capacity of Moldova’s financial regulators to draft and implement legislation that meets EU standards.
