SBV Amends Circulars Related to Operation of Credit Institutions
SBV published the Circular No. 13/2019/TT-NHNN that amends and supplements a number of articles of circulars related to licensing, organization, and operation of credit institutions and foreign bank branches. The circular amends and supplements a number of articles of Circular No. 03/2018/TT-NHNN on licensing, organization, and operation of the group micro-finance institutions. The circular also amends and supplements a number of articles of Circular No. 22/2018/TT-NHNN, which provides guidelines on procedures and documents for approval of the tentative list of personnel of commercial banks, non-bank credit institutions, and foreign bank branches. The Circular No. 13/2019/TT-NHNN takes effect on October 05, 2019, with certain exceptions.
Related Link (in Vietnamese): Circular No. 13/2019/TT-NHNN
Effective Date: October 05, 2019
Keywords: Asia Pacific, Vietnam, Banking, Credit Institutions, Licensing, Foreign Bank Branches, SBV
Previous Article
FSB Publishes Responses to Its Consultation Related to SME FinancingNext Article
APRA Revises Related Entities Standard for BanksRelated Articles
FSB Sets Out Effective Practices for Cyber Incident Recovery
FSB finalized the toolkit of effective practices to assist financial institutions in their cyber incident response and recovery activities.
HKMA Urges Early Action for Adherence to IBOR Fallbacks Protocol
HKMA urged authorized institutions to take early action to adhere to the IBOR Fallbacks Protocol, which ISDA is expected to publish soon.
FSB Sets Out Roadmap for Transition to Alternative Reference Rates
FSB published a global transition roadmap for London Inter-bank Offered Rate (LIBOR).
HM Treasury Publishes Response to Proposal on BRRD2 Transposition
HM Treasury published a document that summarizes the responses received from a consultation on the approach of UK to transposition of the revised Bank Resolution and Recovery Directive (BRRD2).
HM Treasury Publishes Response to Proposal on CRD5 Transposition
HM Treasury published the government response to the feedback received on the consultation for updating the prudential regime of UK before the end of the Brexit transition period.
BoE Publishes Reporting Schedule for Statistical Returns
In a recent statistical notice, BoE announced publication of the reporting schedule for statistical returns for 2021.
EC Welcomes Declaration by Member States on EU Cloud Federation
EC welcomed the joint declaration by 25 EU member states on building the next generation of cloud in Europe.
MAS Amends Notice on Issuance of Covered Bonds by Banks in Singapore
MAS published amendments to Notice 648 on the issuance of covered bonds by banks incorporated in Singapore.
FDIC Selects Technology Companies for Rapid Prototyping Competition
FDIC has selected 14 technology companies—including Accenture Federal Services, LLC, Fed Reporter, Inc, and S&P Global Market Intelligence, LLC—for inclusion in the next phase of the rapid prototyping competition.
GLEIF Defines New Validation Agent Role for Financial Institutions
GLEIF announced that financial institutions worldwide can realize a variety of cost, efficiency, and customer experience benefits by assuming a new “validation agent” role within the Global Legal Entity Identifier (LEI) System.
