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
Previous Article
APRA Issues Proposal on Deferred Remuneration Obligations Under BEARRelated Articles
|
News
ESMA Releases Enforcement Priorities for 2019 Annual Financial ReportsESMA published a statement on the priorities that European enforcers will consider when examining the 2019 annual financial reports of listed companies.
October 22, 2019
WebPage
Regulatory News
|
|
News
EC Consults on Alternative Standardized Approach for Market RiskEC is consulting on a delegated regulation amending the Capital Requirements Regulation (CRR) with regard to the alternative standardized approach for market risk.
October 21, 2019
WebPage
Regulatory News
|
|
News
CPMI Report Examines Impact of Global StablecoinsThis report by the G7 Working Group on Stablecoins finds that stablecoins, regardless of size, have implications ranging from anti-money laundering efforts across jurisdictions to operational resilience (including for cyber security), consumer or investor and data protection, and tax compliance.
October 18, 2019
WebPage
Regulatory News
|
|
News
BoE Announces Date for Publication of Stress Test Results for BanksBoE announced its plans to publish results of the full UK annual stress tests on December 10, 2019.
October 18, 2019
WebPage
Regulatory News
|
|
News
US Agencies Request Comments on Use and Impact of CAMELS RatingsUS Agencies (FDIC and FED) are seeking information and comments from interested parties regarding the consistency of ratings assigned by the agencies under the Uniform Financial Institutions Rating System (UFIRS).
October 18, 2019
WebPage
Regulatory News
|
|
News
PRA Consults on Approach to Supervising Liquidity and Funding RisksIn consultation paper (CP27/19), PRA published a proposal (CP27/19) to update the supervisory statement SS24/15 on the PRA approach to supervising liquidity and funding risk.
October 17, 2019
WebPage
Regulatory News
|
|
News
US Agencies Consult on Policy Statement on Allowance for Credit LossesUS Agencies (FDIC, FED, NCUA, and OCC) are consulting on the policy statement on allowances for credit losses and on the guidance on credit risk review systems.
October 17, 2019
WebPage
Regulatory News
|
|
News
FSI Paper Examines Use of Suptech Initiatives by Financial AuthoritiesThe Financial Stability Institute (FSI) of BIS published a paper that examines the suptech developments by analyzing suptech initiatives of 39 financial authorities globally.
October 17, 2019
WebPage
Regulatory News
|
|
News
US Agencies Publish Notice to Extend Form FFIEC 102 for Three YearsUS Agencies (FDIC, FED, and OCC) published a joint notice regarding extension of the market risk regulatory report for institutions subject to the market risk capital rule (FFIEC 102).
October 17, 2019
WebPage
Regulatory News
|
|
News
ECB Publishes Recommendations on Euro Risk-Free Rates TransitionECB published a report, by private sector working group on euro risk-free rates, which contains recommendations, from a risk management perspective, on the transition to new risk-free rates.
October 17, 2019
WebPage
Regulatory News
|
