World Bank2013-09-302013-09-302008-03https://hdl.handle.net/10986/15935This Financial Sector Assessment (FSA) provides a summary of the main findings and recommendations of the work of the joint International Monetary Fund (IMF)-World Bank Financial Sector Assessment Program (FSAP) Update that visited Moldova from October 1 to 12, 2007. The principal objective of the FSAP Update was to assist the authorities in evaluating development progress and future challenges and assessing the potential vulnerabilities of the financial system in Moldova. In addition to the aide memoire summarizing key findings, the output included detailed assessments of compliance with the base core principles for banking supervision and the core principles for systemically important payment systems, technical notes on securities markets, the insurance sector, banking sector and stress testing.en-USCC BY 3.0 IGOACCOUNTINGACCOUNTING STANDARDSAUDITINGAUDITORSAUDITSBANK CHARTERSBANK MARKETBANK SUPERVISIONBANKING ASSETSBANKING CRISESBANKING MARKETSBANKING SECTORBANKING SUPERVISIONBANKING SYSTEMBENEFICIAL INTERESTBOND MARKETSBRANCH NETWORKBROAD MONEYBROKERBUDGETARY SUPPORTCAPITAL ADEQUACYCAPITAL MARKETCAPITAL MARKETSCAPITAL MARKETS INFRASTRUCTURECAPITAL REQUIREMENTCAPITAL REQUIREMENTSCENTRAL BANKCENTRAL SECURITIES DEPOSITORYCOMMERCIAL BANKSCONSOLIDATED SUPERVISIONCONSOLIDATIONCONSUMER CREDITCONSUMER DEMANDCONSUMER PROTECTIONCORPORATE BONDCORPORATE BOND ISSUESCORPORATE GOVERNANCECREDIT ASSOCIATIONCREDIT ASSOCIATIONSCREDIT COOPERATIVESCREDIT GROWTHCREDIT LINESCREDIT RISKCREDIT RISK MANAGEMENTCREDIT UNIONSCURRENCYDEBTDEPOSITDEPOSIT-TAKING INSTITUTIONSDEPOSITSDISPUTE RESOLUTIONDOMESTIC BANKSELECTRONIC PAYMENTENFORCEMENT POWEREQUITIESEQUITY INVESTMENTSEQUITY MARKETEXCHANGE MARKETEXCHANGE MARKETSEXCHANGE RATEEXPOSURESEXTERNAL FUNDINGFINANCIAL INFORMATIONFINANCIAL INFRASTRUCTUREFINANCIAL INSTITUTIONSFINANCIAL INTERMEDIARIESFINANCIAL MARKETFINANCIAL MARKET PARTICIPANTSFINANCIAL MARKETSFINANCIAL REGULATIONFINANCIAL SECTORFINANCIAL SECTOR STABILITYFINANCIAL SERVICESFINANCIAL STATEMENTSFINANCIAL SYSTEMFOOD PRICESFOREIGN CURRENCYFOREIGN CURRENCY DEPOSITSFOREIGN CURRENCY LOANSFOREIGN DIRECT INVESTMENTFOREIGN INVESTORSGENERAL LIABILITY INSURANCEGOVERNMENT BONDGOVERNMENT BOND MARKETGOVERNMENT BONDSGOVERNMENT BUDGETGROSS SETTLEMENT SYSTEMHOLDINGSINCOMEINCOME DISTRIBUTIONINFLATIONINFLATIONARY PRESSURESINITIAL PUBLIC OFFERINGINSTITUTIONAL DEVELOPMENTINSTITUTIONAL INVESTORINSTITUTIONAL INVESTORSINSURANCEINSURANCE COMPANIESINSURANCE COMPANYINSURANCE INDUSTRYINSURANCE MARKETINSURANCE PENETRATIONINSURANCE PREMIUMSINSURANCE PRODUCTSINSURERSINTEREST RATEINTEREST RATE SHOCKSINTEREST RATESINVESTMENT FUNDINVESTMENT FUNDSINVESTOR BASEINVESTOR CONFIDENCEISSUANCEJOINT STOCK COMPANYJURISDICTIONLAWSLEGAL FRAMEWORKLEGAL PROTECTIONLEGISLATIONLENDING PORTFOLIOLIABILITYLIQUIDATIONLIQUIDITYLIQUIDITY MANAGEMENTLIQUIDITY RATIOSLIQUIDITY RISKLOANLOAN PORTFOLIOMARKET DATAMARKET DEVELOPMENTMARKET REGULATORMARKET RISKMARKET SHAREMATURITIESMICROFINANCEMICROFINANCE INSTITUTIONSMICROFINANCE REGULATIONMIGRATIONMINIMUM CAPITAL REQUIREMENTSMONETARY INSTRUMENTSMONETARY POLICYMONEY MARKETMONEY SETTLEMENTMORTGAGEMORTGAGE BONDSNATIONAL BANKNATIONAL DEPOSITORYNEGATIVE SHOCKSNEW PRODUCTSNONPERFORMING LOANOUTPUTOUTSOURCINGOUTSTANDING AMOUNTOWNERSHIP STRUCTUREPAYMENT SERVICESPAYMENT SYSTEMPAYMENT SYSTEMSPENALTIESPENSIONSPOLICY CREDIBILITYPRICE DISCOVERYPRICE STABILITYPRIVATE PLACEMENTSPRIVATIZATIONPRIVATIZATIONSPROFITABILITYPROVISIONING RULESPRUDENTIAL REGULATIONPRUDENTIAL REGULATIONSPRUDENTIAL REQUIREMENTSPRUDENTIAL STANDARDSREGULATORY AUTHORITYREGULATORY CAPITALREGULATORY ENVIRONMENTREGULATORY FRAMEWORKREINSURANCEREMITTANCESRESERVESRETURNRETURN ON ASSETSRETURN ON EQUITYRETURNSREVENUE SOURCESRISK FACTORSRISK MANAGEMENTRISK PROFILESSAVINGSSECONDARY MARKETSECONDARY MARKET ACTIVITYSECURITIESSECURITIES LAWSECURITIES MARKETSECURITIES MARKETSSETTLEMENTSETTLEMENT PROCEDURESETTLEMENT SERVICESETTLEMENT SYSTEMSETTLEMENT SYSTEMSSHAREHOLDERSSOLVENCYSTOCK EXCHANGESTOCK MARKETSUPERVISORY AUTHORITIESSUPERVISORY AUTHORITYSUPERVISORY FRAMEWORKSUPERVISORY POWERST-BILLSTRADESTRADINGTRADING ACTIVITYTRANSACTIONTRANSACTION COSTTRANSPARENCYTREASURYTURNOVERVOLATILITYWARRANTSYIELD CURVEWorld Bank10.1596/15935