Deputy Governor Nguyen Kim Anh of the State Bank of Vietnam (SBV) had a meeting with Mr. Katsunori Mikuniya, Governor of Deposit Insurance Corporation of Japan (DICJ), in Hanoi on June 16.
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At the meeting, Deputy Governor Nguyen Kim Anh warmly welcomed the working visit of the DICJ delegation led by DICJ Governor Katsunori Mikuniya. He also congratulated Mr. Katsunori Mikuniya on being appointed as DICJ Governor from March, 2015. He highly appreciated the support of DICJ for organizing the Seminar on Japan experience in the role of deposit insurance in bank restructuring" on June 15, 2015.
Besides, Deputy Governor Nguyen Kim Anh expressed his hope that the cooperative relation between The DICJ and the SBV in general, and between the DICJ and the Deposit Insurance of Vietnam (DIV) in particular will continue to be strengthened in the coming time. He proposed key substances for cooperation as follows: (i) DICJ and DIV establish an effective cooperation mechanism for the exchange of experience and information; (ii) the DICJ supports the organization of workshops, seminars, training courses for Vietnamese officers in the fields of risk assessment, payment mechanisms for deposit insurance; (iii) DICJ supports delegations from Vietnam to Japan to learn experience in off – side supervision and liquidation of credit institutions’ assets …
For his part, Mr.Katsunori Mikuniya expressed his sincere thanks to Deputy Governor Nguyen Kim Anh for his warm hospitality. He said that the Memorandum of Understanding plays an important role in promoting dialogue and bilateral cooperation between the two organizations. In addition, he discussed with Deputy Governor Nguyen Kim Anh some recommendations on the role of deposit insurance institutions in bank restructuring, namely: formulating safe and sound financial network with the entities being responsible for monitoring credit institutions and preparing for responding to crisis; developing the legal system for the restructuring of credit institutions, regularly reviewing Law on Deposit Insurance to complete the legal framework in line with the international practices; increasing deposit insurance limit…
TLH