Financial Services Committee Updates

Financial Services Committee Updates

• 12.12.2018

- AmCham submitted a series of letters to the authorities regarding the activities of the non-bank credit organizations to be performed through secondary offices. The second letter asked for the clarifications on the tax regime of the provisions to be deducted by the non-bank credit organizations.

- An informative letter on the acceptance and implementation of IFRS 17 and IFRS 9 has been developed through its application by insurers, in order to avoid disparities between international and local reporting requirements.

- AmCham had a meeting with experts from the German Economic Team to discuss the phenomenon of over-indebtedness of consumers in Moldova as well as on the steps to be taken to ensure the transparency of consumer loans. 
  Read more about the study

- The Financial Committee held a meeting with experts from the World Bank focused on the deficiencies of the Registry of Real Guarantees; with experts sharing their preliminary recommendations for the modernization and improvement of the work of the Registry.

Should you need more details, please contact Adrian Gheorghita, Committee Coordinator at 211 - 781 or adriangheorghita@amcham.md