(TBTCO) – On December 14, Decision No. 2183/QD-NHNN of the Governor of the State Bank (SBV) on announcing amended and supplemented administrative procedures in the field of establishment and banking operations implemented at the Ministry The one-stop shop within the scope of management functions of the State Bank officially takes effect.
Accordingly, the Inspection and Supervision Agency under the State Bank carries out a number of procedures including: procedures for applying for a license to establish and operate a joint stock commercial bank; Procedures for applying for a license to establish and operate a joint venture bank or bank with 100% foreign capital; Procedures for applying for a license to establish a foreign bank branch.
This unit also carries out procedures for approving the purchase, sale and transfer of capital contributions at limited liability commercial banks with two or more members.
|Preparing to implement new regulations on administrative procedures in the banking sector. Photo: TL
|Preparing to apply new regulations on large value transactions that must be reported Non-bank credit institutions must implement new regulations on internal control
State Bank branches in provinces and cities carry out procedures to request a license to establish representative offices of foreign credit institutions and other foreign organizations with banking activities.
Decision No. 2183 also has regulations on financial investment plans for information technology in the project to establish a bank. Accordingly, the information technology system must ensure that it meets the requirements for governance and risk management of commercial banks and the regulations of the State Bank of Vietnam.
Regarding the ability to apply information technology, the decision clearly states: time to implement technology investment; type of technology expected to be applied; expected staff and staff’s ability to apply information technology; Ensure the information system can integrate and connect with the management system of the State Bank of Vietnam to provide information according to the management requirements of the State Bank./.