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)
- 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
Previous ArticleAPRA Issues Proposal on Deferred Remuneration Obligations Under BEAR
PRA published a set of questions and answers (Q&A) covering common queries regarding residential and commercial property valuations, for the purpose of the Capital Requirements Regulation (CRR), during the period of disruption caused by COVID-19 pandemic.
IOSCO proposed updates to its principles for regulated entities that outsource tasks to service providers.
MAS announced that the first phase of the Veritas initiative will commence with the development of fairness metrics in credit risk scoring and customer marketing.
BoE published the Statistical Notice 2020/4 to update the buy-to-let (BTL) Phase 2 and Phase 3 definitions for the Interest Rate Type data item.
FSI published a brief note that examines challenges facing the banking sector as a result of the payment deferral programs put in place to support borrowers affected by the COVID-19 pandemic.
PRA published the policy statement PS14/20, which contains the supervisory statement SS1/20 and the feedback to responses to the consultation paper CP22/19 on expectations for investment by firms in accordance with the Prudent Person Principle, or PPP, as set out in the Investments Part of the PRA Rulebook.
EBA published an opinion following the notification by the French macro-prudential authority, the Haut Conseil de Stabilité Financière (HCSF), of its intention to extend a measure introduced in 2018 on the use of Article 458(9) of the Capital Requirements Regulation (CRR).
As part of a Research Bulletin on the recent policy-relevant work, ECB published an article that examines the lessons learned from past crises for nonperforming loan resolution in the post COVID-19 period.
RBNZ published the financial stability report for May 2020. This review of the financial system in the country highlights that the economic disruption associated with COVID-19 will present challenges to the financial system.
ECB updated the guidance notes for reporting related to the statistics on holdings of securities by reporting banking groups (SHSG).