HÀ NỘI — The State Bank of Việt Nam (SBV) has issued a new circular on banking supervision to timely prevent and settle risks to banking operations. The circular states that banking inspection and supervision agencies will collect, synthesise and analyse information on supervised credit institutions to promptly prevent, detect and handle risks to banking operations. The agencies will also consider and monitor the observance of regulations on safety of banking operations and other monetary and banking regulations of credit institutions. Further, the circular noted that the banking supervision must comply with current laws and ensure accuracy, objectivity, honesty, publicity and timeliness. It also required not obstructing the normal operation of supervised credit institutions.

Source: Viet Nam News August 11, 2017 05:26 UTC