meta_id 3194638

On May 21, 2026, the National Bank of Moldova (BNM) adopted Decision No. 120/2026 amending the Instructions on the presentation of COREP reports by banks for supervisory purposes. COREP (Common Reporting) is the standardised framework through which banks submit regulatory capital and risk data to supervisory authorities. The amendment specifically addresses the treatment of credit valuation adjustment (CVA) risk, which represents the risk of loss arising from changes in the creditworthiness of counterparties in derivative transactions. The decision modifies the existing Instructions approved through BNM Executive Committee Decision No. 117/2018. CVA risk has become increasingly material for banks engaged in derivative activities, particularly following international regulatory developments under Basel III standards. The amendment ensures that BNM's reporting requirements align with evolving prudential standards and reflect current best practices in measuring and reporting counterparty credit risk exposure. The amendment applies to all licensed banks operating in Moldova that are required to submit COREP reports to BNM. Banks must incorporate the revised CVA risk treatment into their regulatory reporting frameworks. The decision becomes effective on January 1, 2027, providing banks with a transition period to implement the necessary changes to their reporting systems and processes. The full text of Decision No. 120/2026 was published in the Official Monitor of the Republic of Moldova (No. 221, Article 392) on May 26, 2026.