Vietnam: The Banking Inspection Agency is the focal point for the management of judicial expertise

Specifically, according to Article 24 of the Circular No. 14/2020/TT-NHNN of the State Bank of Vietnam, responsibilities of the banking inspection and supervision agency in judicial expertise activities at banks are specified as follows:

- Focal point for general management of judicial expertise of the State Bank: receive the decision to solicit judicial expertise, advise and submit to the Governor of the State Bank to assign units affiliated to the State Bank to conduct judicial expertise; propose the establishment of the assessment council; receive assessment conclusions as prescribed in this Circular.

- Act as the focal point and coordinate with relevant units of the State Bank to research and advise the Governor of the State Bank:

• Handling newly arising problems, difficulties, problems and proposals of judicial experts, case-based judicial experts, judicial expertise teams, assessment councils;

• Examine, inspect and settle complaints and denunciations about judicial expertise organizations and activities in the monetary and banking sectors;

• Annually, on the basis of the commendation proposals of the units specified in Article 23 of this Circular, coordinate with the Department of Emulation and Commendation to promptly reward judicial experts with outstanding achievements in expertise activities.

View more details at the Circular No. 14/2020/TT-NHNN of the State Bank of Vietnam, effective from January 01, 2021.

Le Vy

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