Central Bank Board Members at a Regional Conference in Chișinău
Together with the National Bank of Moldova (NBM) and the International Monetary Fund (IMF) we brought together the executive and non-executive central bank board members as well as other senior representatives from the central banks in South East Europe to address the governance, risk management and communication challenges that central banks face in the current changing landscape.
In the opening session, Ms. Anca-Dana Dragu, Governor of the NBM, declared: „Our responsibility is to ensure that central banks not only adequately respond to crises, but also proactively adapt to market dynamics, thus strengthening long-term financial stability". Ms. Jana Repanšek, CEF Director, highlighted the link between a learning organization and governance and stressed the importance of the conference topics, the exchange of experience, and cooperation among participants from central banks in South East Europe − Central Bank of Albania, Central Bank of the Republic of Kosovo, Central Bank of Montenegro, Central Bank of Bosnia and Herzegovina, Croatian National Bank, National Bank of the Republic of North Macedonia, National Bank of Romania, National Bank of Ukraine, NBM as well as the IMF and CEF.
To lay the foundations of the conference, the participants tackled different models related to the roles and responsibilities of executive and non-executive (supervisory) board members. They also discussed risk management and the current challenges, particularly cybersecurity and fintechs. Through the perspective of the IMF's Central Bank Transparency Code (CBT), they exchanged approaches and experiences with the CBT tool. Conference participants also reflected on the key (EU) central bank legal developments affecting mandates, decision-making, and independence of central banks.
The conference was part of the NBM project − Transformation into a Learning Organization (NBM LearnOrgLab). It took place on September 17-18, 2024, in Chișinău, Moldova.