OREANDA-NEWS. January 20, 2011. Representatives of the parliamentary committee for economy, budget and finance, ministries of economy and finance, National Bank of Moldova, National Commission for Financial Market and the Deposits Guarantee Fund participated in the sitting, the government’s press service reported.

Issues concerning stability of the bank system and situation in the foreign exchange market were discussed. National Bank President Dorin Dragutanu presented information about the Investprivatbank, which is in the liquidation process, in the light of the impact on stability of the bank-financial situation of the country. Prime Minister ordered to set up a work group of experts which will carry out a wide examination of the situation within 7 days and will elaborate suggestions regarding the solution of the problem.

They will be examined during the next sitting of the national committee for financial stability. As of the situation in the country’s foreign exchange market, it was said that the demand and the supply in the market were balanced in the first two weeks of the year and the National Bank keeps monitoring the situation. The National committee for financial stability was established in June 2010 to ensure an adequate coordination between the authorities, to clearly demarcate the duties and to realize urgent measures in case of extraordinary financial situations.

The National committee for financial stability manages the financial emergencies, identifies system crises; presents suggestions regarding the policy and measures to protect deposits, capitalization and re-capitalization of banks and others to the government; sets single methods of cooperation between the state authorities participating in management of system crises in the financial sector; restores trust in the banking system’s safety.