Featured Product

    SBV Issued Circular on Orders and Procedures for Banking Supervision

    August 03, 2017

    SBV issued Circular No.08/2017/TT-NHNN on orders and procedures for banking supervision. The circular applies to inspectors and supervisors of the banking sector; SBV municipal and provincial branches under the central government; credit institutions and foreign bank branches; and agencies, organizations, and individuals related to the supervision of credit institutions and foreign bank branches. The circular will take effect from December 01, 2017.

    The circular includes four Chapters and 25 Articles. Chapter 1 includes five articles stating general provisions stipulating governing scope; interpretation; principles of banking supervision; and substances, orders, and procedures for banking supervision. Chapter 2 of the circular includes 14 articles and states the specific provisions stipulating orders and procedures for banking supervision. It further consists of legal framework regulations and steps of banking supervision such as collecting, filing, processing, and storing information, data, and documents; analyzing, assessing supervised entities under two forms of micro- and macro-prudential supervision; contacting supervised entities; supervising after inspection; and recommending handling measures related to banking supervision. Chapter 3 notes the responsibilities of institutions concerning with banking supervision and chapter 4 stipulates effectiveness and implementation responsibility.

     

    Related Links

    Press Release (Docx)

    Circular No.08/2017/TT-NHNN (PDF in Vietnamese)

    Effective Date: December 01, 2017

    Keywords: Asia Pacific, Vietnam, Banking, Banking Supervision, Orders and Procedures, Circular, SBV

    Related Articles
    News

    OCC Revises Minimum Threshold for Banks to Conduct Stress Tests

    OCC issued the final rule that amends its company-run stress testing requirements under the 12 CFR 46 in Code of Federal Regulations.

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Update Management Interlock Rules Under DIMIA

    US Agencies (FDIC, FED, and OCC) issued a final rule that increases the thresholds in the major assets prohibition for management interlocks for purposes of the Depository Institution Management Interlocks Act (DIMIA).

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Rules to Closely Match Bank Risk Profiles

    US Agencies (OCC, FED, and FDIC) finalized rules that tailor the regulations for domestic and foreign banks to more closely match their risk profiles.

    October 10, 2019 WebPage Regulatory News
    News

    CPMI-IOSCO and FSB on Governance Arrangements for OTC Derivatives

    CPMI and IOSCO published a report that identifies key criteria, functions, and bodies for the governance arrangements.

    October 09, 2019 WebPage Regulatory News
    News

    EIOPA Launches Field Test on Templates Under 2020 Solvency II Review

    EIOPA, as part of the 2020 Solvency II reporting and disclosure review, launched a field test on the revised and newly proposed reporting templates.

    October 09, 2019 WebPage Regulatory News
    News

    US Agencies Adopt Rule on Appraisals for Real Estate Transactions

    US Agencies (FDIC, FED, and OCC) adopted the final rule to amend regulations requiring appraisals of real estate for certain transactions

    October 08, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Amendments to Simplify Volcker Rule

    US Agencies (CFTC, FDIC, FED, OCC, and SEC) finalized amendments to the regulations implementing section 13 of the Bank Holding Company Act, also known as the Volcker Rule.

    October 08, 2019 WebPage Regulatory News
    News

    EC Report Explores Application and Challenges of Blockchain Technology

    The Joint Research Center of EC published a report exploring the challenges and impact of distributed ledger technologies.

    October 08, 2019 WebPage Regulatory News
    News

    BIS and SNB Sign Agreement on Innovation Hub Center in Switzerland

    BIS and SNB signed an operational agreement on the BIS Innovation Hub Center in Switzerland.

    October 08, 2019 WebPage Regulatory News
    News

    ECB Issues Results of Sensitivity Analysis of Liquidity Risk for Banks

    ECB published results of 2019 stress test on sensitivity analysis of liquidity risk.

    October 07, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3958