Vietnam: 03 contents required in the internal regulation on minimum capital adequacy ratio of the people's credit fund

08:31, 03/01/2016

Circular No. 32/2015/TT-NHNN regulating limits and safety ratios in the operations of people's credit funds, which was issued on December 31, 2015 by the State Bank of Vietnam, specifies internal regulations on minimum capital adequacy ratio of the people's credit fund.

According to Circular No. 32/2015/TT-NHNN of the State Bank of Vietnam, people's credit funds must have internal regulations on capital adequacy ratio management, liquidity management, lending, and loan management according to the provisions of this Circular and related documents. In particular, internal regulations on minimum capital adequacy ratio include the following main contents:

- Processes and methods for monitoring capital adequacy ratio;

- Methods of early warning of risks that reduce capital adequacy ratio;

- Solution plan when the capital adequacy ratio is lower than the minimum level, including at least: measures to increase capital adequacy ratio; responsibilities, powers and coordination of departments and individuals in implementing the treatment plan.

View detailed internal regulations on minimum capital adequacy ratio of the people's credit fund at Circular No. 32/2015/TT-NHNN of the State Bank of Vietnam, effective from March 01, 2016.

- Khanh Chi -

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