Vietnam: Amending contents and methods of banking supervision according to Decree 43

09:12, 21/05/2019

This is a featured content specified in Decree No. 43/2019/NĐ-CP of Vietnam’s Government providing amendments to Decree No. 26/2014/NĐ-CP on organization and operation of banking inspection and supervision authorities.

According to new regulations of Decree No. 43/2019/NĐ-CP of Vietnam’s Government, contents and methods of banking supervision from May 17, 2019 are amended and supplemented as follows:

- Monitor the compliance with regulations on safety of banking operations and other relevant laws; implementation of inspection findings, recommendations and decisions on handling of inspection results; implementation of banking supervision recommendations and warnings, and remedial measures when early intervention actions are performed according to Clause 25 Article 1 of the Law on amendments to the Law on Credit Institutions;

- Carry out regular analysis and assessment of financial status, operation, management and risks faced by credit institutions/foreign bank branches and systematic risks; carry out annual safety rating of credit institutions/foreign bank branches.

View details at Decree No. 43/2019/NĐ-CP of Vietnam’s Government, effective from May 17, 2019.

- Thanh Lam -

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