Dumitru Budianschi, chairman of Moldova's National Commission for Financial Markets, discussed the regulatory and market conditions for developing covered bonds at the international conference “From Mortgages to Markets: Building Long-Term Housing Finance.” Covered bonds could diversify banks' sources of long term funding, support mortgage lending and contribute to the development of Moldova's capital market. Developing this market requires a dedicated regulatory framework, functioning market infrastructure and banking sector preparedness, alongside promotion among potential investors. The discussions addressed regulatory readiness within the commission's remit and market participants' capacity to issue and trade covered bonds. The panel examined these conditions in the context of countries seeking EU accession, drawing on EU member states' experience.
Moldova's National Commission for Financial Markets discusses conditions for developing a covered bond market
At a conference on housing finance, Dumitru Budianschi, chairman of Moldova's National Commission for Financial Markets, discussed conditions for establishing a covered bond market. Covered bonds could broaden banks' funding sources and support mortgage lending, but market development requires dedicated regulation, functioning infrastructure, prepared banks and promotion among prospective investors.