Capital market specialists consolidate capacities in Digital Operational Resilience

Over 20 participants from the National Commission for Financial Markets (NCFM), the Single Central Depository, commercial banks and other capital market representatives, participated in a training session dedicated to the legal framework and the main provisions of the Regulation on digital operational resilience for the financial sector (DORA). The event was organised in the framework of the EU-funded project “Moldova is Europe – Support for EU Integration.” 

In his opening speech, the EU High Level Adviser on Financial Services, Nicolae Grigore, emphasized the importance of the implementation of DORA in the Republic of Moldova, in the context of the need to ensure increased protection for financial institutions against cyber risks and incidents that may affect the stability of the financial system. “The application of the DORA Regulation represent an essential step for the modernization and consolidation of the financial sector, alignment with European standards, and the advancement of the accession process to the European Union. The implementation of this regulation will ensure that the financial system in the Republic of Moldova will comply with the same rules and digital resilience standards applicable to the EU Member States.”

The information session was delivered by Tudor Doman, Expert on EU Digital Finance Regulations within the project. He shared Romania’s experience in the process of applying the Regulation on digital operational resilience in the financial sector, after which participants had the possibility to address questions and receive practical answers.