SBV on Legal Framework and Roadmap for Implementing Basel II

The Governor of SBV, on December 30, 2016, had signed the Circular No. 41/2016/TT-NHNN on capital adequacy ratios for banks and foreign bank branches (Circular 41) according to Basel II. This was considered the first step with respect to the implementation of Basel II in accordance with the schedule approved by the Governor of SBV to implement Pillar 1 and Pillar 3 of Basel II. To further complete the legal framework for the implementation of Basel II Standard in Vietnam, on May 18, 2018, SBV had issued Circular No. 13/2018/TT-NHNN, which covers implementation of the second pillar of Basel II and provides provisions related to internal control for commercial banks and foreign bank branches. 

Related Link: Press Release

Keywords: Asia Pacific, Vietnam, Banking, Basel II, Legal Framework, Roadmap, Pillar 1, Pillar 2, Pillar 3, Capital Adequacy, SBV