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 ArticleFED Publishes Financial Stability Report in May 2019
The European Commission (EC) published the Delegated Regulation 2021/1527 with regard to the regulatory technical standards for the contractual recognition of write down and conversion powers.
The Australian Prudential Regulation Authority (APRA) published a new set of frequently asked questions (FAQs) to provide guidance to authorized deposit-taking institutions on the interpretation of APS 120, the prudential standard on securitization.
The Single Resolution Board (SRB) published a Communication on the application of regulatory technical standard provisions on prior permission for reducing eligible liabilities instruments as of January 01, 2022.
The Australian Prudential Regulation Authority (APRA) published a new set of frequently asked questions (FAQs) to clarify the regulatory capital treatment of investments in the overseas deposit-taking and insurance subsidiaries.
The European Banking Authority (EBA) published the final report on the guidelines specifying the criteria to assess the exceptional cases when institutions exceed the large exposure limits and the time and measures needed for institutions to return to compliance.
The Prudential Regulation Authority (PRA) issued the policy statement PS20/21, which contains final rules for the application of existing consolidated prudential requirements to financial holding companies and mixed financial holding companies.
The European Banking Authority (EBA) revised the guidelines on stress tests to be conducted by the national deposit guarantee schemes under the Deposit Guarantee Schemes Directive (DGSD).
The European Commission (EC) announced that Nordea Bank has signed a guarantee agreement with the European Investment Bank (EIB) Group to support the sustainable transformation of businesses in the Nordics.
The Hong Kong Monetary Authority (HKMA) issued a circular, for all authorized institutions, to confirm its support of an information note that sets out various options available in the loan market for replacing USD LIBOR with the Secured Overnight Financing Rate (SOFR).
The Office of the Comptroller of the Currency (OCC) issued a new "Problem Bank Supervision" booklet of the Comptroller's Handbook. The booklet covers information on timely identification and rehabilitation of problem banks and their advanced supervision, enforcement, and resolution when conditions warrant.