Cadrul instituțional și normativ al Uniunii Bancare Europene și impactul asupra stabilității financiare: lecții pentru Republica Moldova [Articol]

Abstract

This paper explores the institutional and regulatory framework of the European Banking Union (EBU) and its impact on financial stability, drawing relevant lessons for the Republic of Moldova. It outlines the context in which the EBU was established as a response to the global financial crisis and the Eurozone sovereign debt crisis, and describes its three main pillars – the Single Supervisory Mechanism, the Single Resolution Mechanism, and the proposed common deposit insurance scheme. The analysis shows that the EBU has contributed to breaking the vicious circle between banks and sovereign debt, enhancing consistent supervisory practices and improving crisis management across the European Union. The study also examines the convergence of Moldova’s banking regulatory framework with European standards and identifies gaps and opportunities for further alignment. The findings highlight that adopting EBU principles can strengthen the resilience of Moldova’s banking sector and bolster financial stability, although additional reforms and capacity-building measures are needed for effective implementation.