The National Bank of Moldova, in collaboration with the Moldovan Banking Association and the International Finance Corporation (IFC), a member of the World Bank Group, organized an online seminar on developing practical skills for implementing sustainable finance.
LOGOS PRESS reported on the substance of the amendments to banking regulations in May, when the document was submitted for discussion. The regulations require financial institutions to integrate ESG (Environmental, Social, and Governance) standards and risks into their strategies.
Mandatory stress testing is being introduced to assess the resilience of bank portfolios to long-term climate change and social risk factors. Banks will be required to report regularly to the National Bank on the extent of their exposure to ESG risks.
During the hands-on training session, IFC experts prepared banks for the gradual implementation of the new regulatory framework. The interactive portion of the seminar gave participants the opportunity to analyze key practical methods for strengthening internal mechanisms for managing environmental, social, and governance (ESG) risks.
In addition to the environmental and social components, the regulations update the methodology for assessing traditional risks—credit, market, and concentration risks—as well as interest rate risks outside the trading portfolio.
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