The National Bank of Moldova and Romania’s Financial Supervisory Authority have signed a bilateral cooperation agreement intended to strengthen Moldova’s capacity to license, regulate and supervise insurance companies. The arrangement establishes a framework for information exchange and technical assistance to support the transposition of European Union rules into national legislation, with a focus on the insurance market. The agreement was signed by National Bank of Moldova Governor Anca Dragu and Romanian Financial Supervisory Authority President Alexandru Petrescu. It follows earlier collaboration under the EU-supported Twinning project “Strengthening supervision, corporate governance and risk management in the financial sector” (October 2021 to April 2024), which focused on aligning Moldovan legislation with Solvency II and motor third-party liability insurance requirements and involved support to the National Bank of Moldova and the National Commission for Financial Markets in drafting implementing regulations. The two authorities also highlighted technical assistance needs for the current year, particularly on transposing the EU framework for insurance and reinsurance into Moldovan law.
National Bank of Moldova 2025-08-08
National Bank of Moldova signs cooperation agreement with Romania’s Financial Supervisory Authority to strengthen regulation and supervision of insurers
The National Bank of Moldova and Romania’s Financial Supervisory Authority have signed a bilateral cooperation agreement to enhance Moldova's capacity to license, regulate, and supervise insurance companies. This agreement establishes a framework for information exchange and technical assistance to support the transposition of EU rules into national legislation, focusing on the insurance market. It builds on previous collaboration under the EU-supported Twinning project aimed at aligning Moldovan legislation with Solvency II and motor third-party liability insurance requirements.