The document provides for amendments to the rules governing the preparation of bank reports and supplements the national regulatory framework with certain provisions from European regulations.
In particular, the NBM proposes to expand banks’ reporting requirements and oblige them to disclose new data. For example, they will be required to provide additional information on dividends paid to shareholders and the operations of their regional branches.
Thus, a new half-yearly report on dividends paid by banks to shareholders is being introduced. This data will be used to monitor shareholder transparency and for analysis in the field of combating money laundering and the financing of terrorism.
Another new annual report will contain details on the activities of bank branches in districts, municipalities and Gagauzia. It will set out loans and advances, financial liabilities and the average annual number of employees. The deadline for submitting this report may be set as 31 May of the year following the reporting year.
The NBM is proposing to supplement today’s ‘Deposits’ report with data on funds raised from SME residents. Banks will be required to disclose the volume of term deposits and demand deposits, both interest-bearing and non-interest-bearing, placed by non-bank financial organisations and other legal entities belonging to the SME sector.
This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.
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