The past month, the National Bank and the Securities and Exchange Commission held a series of working meetings that were attended by several experts from the two institutions. The meetings were held in order to strengthen the interinstitutional cooperation and exchange of information, views and experiences in the field of the supervisory and regulatory function of the two institutions, in order to ensure a stable and reliable financial system and its efficient functioning.
In order to better familiarize the experts from the Securities and Exchange Commission with the work and the competences of the central bank, at the meetings, the emphasis was placed on several topics related to conducting supervision of banks, monitoring financial market infrastructure, the OTC markets, the regulatory aspects related to investment in securities by natural persons and legal entities abroad that takes place through banks and the manners of opening of accounts etc.
Subject matter of the meetings were also the changes that will result from the new draft Law on Payment Services and Payment Systems on which the National Bank and the Ministry of Finance work. The Draft-Law transposes relevant directives and regulations of the European Union in the field of payments.
It was assessed that these meetings contributed to deepening the cooperation between the two institutions.
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