The National Bank of Moldova has published draft amendments that would overhaul credit institutions’ public disclosure requirements, complementing recent changes to supervisory reporting. The proposal partially transposes the European Union Capital Requirements Regulation, as amended through Regulation (EU) 2025/1496, and substantially expands disclosures on institutions’ prudential position, governance and risk profile. Credit institutions would need internal policies, systems and controls to verify disclosures and would have to provide additional information when mandatory disclosures do not give markets a complete view of their risk profile. The draft adds or revises requirements covering capital, leverage, liquidity, remuneration, prudential consolidation and credit, counterparty, market, operational and interest-rate risks. It also introduces disclosures on securitization, environmental, social and governance risks, fossil-fuel exposures, shadow banking and crypto-assets. Reporting scope and frequency would vary by institutions’ size, complexity and listed status, while quantitative information would require qualitative explanations of material changes. Institutions would also have to give credit applicants a written explanation of their rating classification. Most amendments would take effect Dec. 31, 2027, with the first report covering the position at that date and due no later than publication of the financial statements. Requirements to transmit disclosures to the European Banking Authority for availability through the European Single Access Point would apply from Jan. 10, 2030. Certain provisions, including specified requirements for global systemically important institutions and shadow-banking exposures, would take effect upon Moldova’s accession treaty with the European Union entering into force.

Original source