Capital market specialists consolidated their capacities in the field of prudential framework applicable to investment firms
Representatives of the National Commission for Financial Markets (NCFM) took part, on 25 September, in a training session on prudential framework applicable to investment firms, organized in partnership with the EU-funded project “Moldova is Europe – Support for EU Integration’.
In his opening remarks, NCFM Vice President Vladimir Rusnac emphasized that “the transposition of the European prudential framework for investment firms represents a key pillar in building, both at the authority and market participant level, a risk-based supervision system — an essential element for preventing the materialization of risks on the capital market. This process involves not only legislative adjustments but also the strengthening of the institutional capacity required for the effective implementation and supervision of the new requirements.” He underlined that the support provided by the Romanian Financial Supervisory Authority is a valuable contribution to this endeavour, facilitating the harmonization of regulations and the strengthening of governance and supervisory mechanisms, in line with the European integration objectives of the Republic of Moldova.
In turn, Nicolae Grigore, EU High Level Adviser on Financial Services, highlighted the role and importance of these regulations in ensuring investor protection, financial stability, and a fair and competitive environment for investment firms. He underlined that “for the Republic of Moldova, alignment with these European standards is essential not only to facilitate the access of Moldovan investment firms to EU markets, but also to strengthen the confidence of investors and international partners in the national financial system. The implementation of these standards will enable investment firms to better manage their risks, comply with clear rules, and provide enhanced protection to clients and investors.”
The information session was delivered by Matilda Precup and Cristina Florescu, short-term experts on capital market prudential requirements for investment firms and representatives of the Romanian Financial Supervisory Authority. They shared their experience regarding the implementation of Directive on the prudential supervision of investment firms and Regulation on prudential requirements for investment firms. The event gathered representatives of the NCFM, the Ministry of Finance, and capital market participants.