OREANDA-NEWS. March 15, 2010. According to the deputy Valeriu Guma’s legislative initiative, it was suggested decentralizing the National Bank’s governing authorities, dividing authorities and membership of the Administrative Board and executive body of the NBM, diversifying the membership of the NBM’s Administrative Board.

Valeriu Guma said the NBM’s governing authorities – the Administrative Board and the executive body (President and Deputy Presidents) were currently in session in the same membership and there was no special different between them. He proposed to increase the number of members of the National Bank’s Administrative Board from 5 to 9 people (President of the NBM, First Deputy President and 7 members of the Administrative Board), to reduce the number of NBM’s Deputy Presidents from three to two and to change the correlation of the Administrative Board’s members.

It was proposed that 4 members of the NBM’s executive body to be included into the Administrative Board (President, First Deputy President and two Deputy Presidents), and 5 people to be proposed as its members by the specialized commission of the Parliament. Valeriu Guma also proposed to recall members of the NBM’s Administrative Board at the suggestion of persons who proposed them for this post (President at the suggestion of the Parliament Chairman, First Deputy President and Deputy Presidents – at the suggestion of the NBM’s head, Administrative Board’s members – at the suggestion of the parliamentary special commission. The Government didn’t support these amendments to the Law on the National Bank noting that they will have a negative affect on the NBM’s activity.

The Cabinet said the united structure of administrative bodies of the NBM contributes to the increase of responsibility for taken decisions, their quality and efficiency and contributes to operative cooperation.