The National Bank of Moldova has published draft amendments to its leverage ratio regulation that would partially transpose updated provisions of the European Union Capital Requirements Regulation. Advancing the bank’s planned alignment with CRR III and Basel III, the proposal would revise which exposures banks may exclude from the total exposure measure and update the treatment of derivatives, securitizations and off-balance-sheet items. The proposed exclusions cover specified exposures involving institutional protection systems, public development banks and promotional loans, qualifying secured exposures to bank shareholders, and banking services linked to central securities depositories. Traditional securitizations meeting significant risk-transfer conditions could also be excluded, although banks would continue to include retained exposures. The draft defines public development banks and promotional loans, permits the National Bank to recognize a qualifying autonomous unit of a bank as a public development bank, and clarifies that cross-product netting is generally prohibited except under qualifying contractual arrangements. The amendments would take effect Jan. 1, 2028. Specified provisions referring to EU or member-state rules, including certain notification and review requirements, would apply only when Moldova’s EU accession treaty enters into force.
2026-08-26National Bank of Moldova
National Bank of Moldova proposes EU-aligned amendments to leverage ratio rules from January 2028
The National Bank of Moldova has proposed EU-aligned changes to leverage ratio rules, including new or clarified exclusions from banks’ total exposure measure. The amendments also address public development banks, securitizations, netting and purchased credit derivatives. Most provisions would apply from Jan. 1, 2028, with EU membership-related rules deferred until Moldova’s accession treaty takes effect.