In order to ensure the safety in banking operations, comply with the legal provisions, promptly prevent violations, prevent and control liquidity risks for the credit institutions (CIs) and the foreign bank branches, especially in the period from now to the Lunar New Year, with increasing demands for consumption and payments of customers, on December 31, 2019, the State Bank of Vietnam (SBV) issued Document No. 10273/NHNN-TTGSNH requesting the relevant entities to implement a number of actions, specifically as follows:
Strictly implementing the SBV's instructions in Official Note No. 116/CNTT8 dated November 23, 2019 on reviewing the security and safety of the information systems; Official Note No. 9722/NHNN-TT dated December 12, 2019 on some considerations for payments during the final settlement period of 2019 and the Lunar New Year 2020; Official Note No. 9772/NHNN-TTGSNH dated December 13, 2019 on coordinating the implementation of protection during the peak period between now to the Lunar New Year of the Rat 2020; Circular No. 35/2016/TT-NHNN dated December 29, 2016 providing for the safety and security in providing internet banking services, and the relevant amendments and supplementations; Circular No. 18/2018/TT-NHNN dated August 21, 2018 on the operational safety of the information systems in banking operations; Circular No. 23/2014/TT-NHNN dated August 19, 2014 providing guidance on the opening and use of payment accounts at the payment service providers, and the relevant amendments and supplementations.
At the same time, enhancing the control and supervision of electronic payment and card payment transactions, especially online transactions in order to detect suspicious transactions and prevent the misuse of payment services for money laundering, terrorist financing and other illegal transactions.
Strictly complying with the regulations and instructions of the SBV on the provision of credit by the credit institutions to their customers, including the instructions of the SBV in Official Note No. 9565/NHNN-CSTT dated December 6, 2019 concerning the lending for depositing in order to justify a customer’s financial status; strictly implementing the SBV's instructions in Official Note No. 3436/NHNN-TTGSNH dated May 15, 2018 addressing the provision of consumer loans, loans for life support by the credit institutions.
Along with that, strengthening the communication, dissemination and education of laws in order to raise the awareness of law observance. Regularly training, fostering and improving the professional quality and the code of ethics for the CIs’ officials and employees. Reviewing the internal regulations and procedures on credit extension and credit officer management; closely inspecting, supervising and strictly handling with any violations in credit-extending operations.
Focusing and enhancing the control of liquidity risks, capital balancing and capital use. Actively handling in time any situations occurring when the demand for cash withdrawals is large, focusing from now till the Lunar New Year. Promptly reporting to the SBV when there are any liquidity issues or unusual developments in the operations; at the same time, proactively making plans to ensure the operational safety.
Strictly abiding by law provisions on the fund mobilization interest rates; strictly managing the operations; improving the efficiency of the governance and the administration; the internal control, inspection, supervision, risk management and internal audit; ensuring full compliance with the provisions of Circular No. 13/2018/TT-NHNN dated May 18, 2018 of the SBV.
Continuing to carry out strictly, drastically and effectively the tasks and solutions mentioned in Directive No. 07/CT-NHNN dated October 11, 2017 on enhancing the prevention and fight against legal violations in the monetary and banking areas, ensuring security and safety of banking operations, contributing to the monetary and financial stability, and other relevant guiding documents of the SBV...
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