SBV Proposes to Amend Circular on Banking Inspection and Supervision
SBV issued a draft circular that amends and supplements a number of articles of Circular No. 03/2015/TT-NHNN related to bank inspection and supervision. The Circular No. 03/2015/TT-NHNN guides the implementation of a number of articles of Decree No. 26/2014/ND-CP of the Government on the organization and operation of Banking Inspection and Supervision. It is necessary to review, amend, and supplement some relevant contents of the Circular. No. 03/2015/TT-NHNN in accordance with the new organizational model of banking inspection and supervision in general. Additionally, SBV published a comparison and explanation of differences between the draft circular and Circular No. 03/2015/TT-NHNN.
Circular No. 03/2015/TT-NHNN has been amended as follows:
- Article 4 on "Assignment of inspection responsibilities to banking inspection subjects" has been modified.
- It amending and supplements Article 5 on "Assignment of supervisory responsibilities for banking supervision subjects," Article 10 on "reporting and reporting regime," and Article 11 on "Relationship between Banking Inspection and Supervision Agency with the State Bank branch."
Related Links (in Vietnamese)
- Notification
- Draft Circular (DOC)
- Comparison of Draft Circular and Circular No. 03/2015/TT-NHNN (DOC)
Keywords: Asia Pacific, Vietnam, Banking, Circular 03/2015/TT-NHNN, Banking Supervision, SBV
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