Featured Product

    SBV Signs MoU for Financial Cooperation with Australia and ADB

    August 23, 2019

    SBV signed a Memorandum of Understanding (MoU) with representatives of the Asian Development Bank (ADB) and the Australian Department of Foreign Affairs and Trade (DFAT), aiming at comprehensive finance and financial-sector development. The MoU will create a framework to promote cooperation in the field of finance and banking and to enhance technical assistance on developing financial markets.

    The MoU is important for promoting the cooperation among SBV, DFAT, and ADB, as a basis for implementing practical technical support to the banking industry and paving the way for increased enhancing cooperation in the near future. The collaborative activities will be implemented through an additional USD 1.2 million grant of DFAT as part of the technical assistance project managed by ADB. In the coming time, the technical assistance project will help increase access to wholesale loans for MFIs and review the legal framework on micro-finance. Also, the project will help in continuing the ADB support for fintech, including the testing legal framework and legal framework for fintech; designing and building a comprehensive financial website; and promoting the development of the corporate bond market through the establishment of a national credit rating agency.

     

    Related Link (in Vietnamese): Press Release

     

    Keywords: Asia Pacific, Vietnam, Banking, Australia, Fintech, ADB, Credit Rating Agency, Corporate Bond Market, SBV

    Related Articles
    News

    ESMA Releases Enforcement Priorities for 2019 Annual Financial Reports

    ESMA 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 Risk

    EC 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 Stablecoins

    This 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 Banks

    BoE 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 Ratings

    US 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 Risks

    In 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 Losses

    US 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 Authorities

    The 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 Years

    US 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 Transition

    ECB 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
    RESULTS 1 - 10 OF 4006