RESOLUTION OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of May 24, 2018 No. 113

About approval of Regulations about approach to operational risk for banks according to the main approach and the standardized approach

Based on item d) parts (1) Art. 5, parts (1) Art. 11, the item c) parts (1) the Art. 27, the item and) Art. 44 of the Law on National Bank of Moldova No. 548-XIII of July 21, 1995 (переопубликован: Monitorul Oficial al Republicii Moldova, 2015, No. 297-300, the Art. 544), with subsequent changes and amendments, Art. 60 and 70 of the Law on activities of banks No. 202 of October 6, 2017 (Monitorul Oficial al Republicii Moldova, 2017, No. 434-439, the Art. 727), with subsequent changes and amendments, the Executive committee of National Bank of Moldova DECIDES:

1. Approve Regulations about approach to operational risk for banks according to the main approach and the standardized approach according to appendix to this resolution.

2. The regulations specified in Item 1 of this resolution become effective on July 30, 2018.

3. From the date of entry into force of the regulations specified in Item 1 of this resolution to banks to provide compliance of the activities, including the politician and internal regulations, to its requirements.

Appendix

to the Resolution of Executive committee of National Bank of Moldova of May 24, 2018 No. 113

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