The National Bank of Moldova will strengthen the digital resilience of the country's financial sector by implementing DORA and other EU legislation
In particular, the National Bank of Moldova (NBM) held a training seminar on the implementation of the Digital Operational Resilience ACT (DORA), a European Union initiative aimed at ensuring a uniform regulatory framework to protect the integrity of financial transactions in the context of accelerated digitalization. According to the NBM, the event was organized with the support of the EU-funded project “European Moldova - Support for EU Integration” and brought together representatives of financial sector institutions: banks, insurance companies, and payment service providers. The aim of the seminar was to promote the adaptation of Moldova's financial market to European standards and best practices. DORA sets out requirements for ICT risk management, incident reporting, digital resilience testing, and oversight of technology service providers. Its aim is to ensure that financial organizations can effectively prevent, manage, and overcome technological failures. The training was opened by National Bank Vice Governor Constantin Schendra, who emphasized that the transfer and uniform application of the European regulatory framework helps to solve problems in the field of information technology, strengthen confidence in the financial system, and reduce the consequences of cyber incidents. He noted that the NBM constantly monitors changes caused by the increasingly widespread use of digital technologies in the activities of financial organizations. “The increase in the degree of digitalization in areas such as payments, e-commerce, or the digital distribution of financial products requires the adoption of common and reliable measures to protect digital systems,” the Vice Governor of the National Bank emphasized. In turn, Nicolae Grigore, EU High Level Adviser for Financial Services, stressed the importance of implementing DORA in the context of Moldova's European path. According to him, a system harmonized with the European regulatory framework will increase the attractiveness of Moldova's financial market for investors and facilitate the cross-border activities of financial institutions, while strengthening the supervisory authority's capacity to identify and monitor emerging risks in an increasingly technology-dependent financial environment. During the event, Tudor Doman, Expert on EU Digital Finance Regulations, explained the main requirements of DORA, the five key provisions of the Act, and the lessons learned by Member States in the process of its implementation. According to the NBM, the training provided participants with a practical understanding of DORA and the tools necessary for its implementation, which contributed to strengthening the resilience of financial entities and the stability of the financial system as a whole. // 22.01.2026 – InfoMarket.
