enhancing the effectiveness of the financial supervisory system of vietnam n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
ENHANCING THE EFFECTIVENESS OF THE FINANCIAL SUPERVISORY SYSTEM OF VIETNAM PowerPoint Presentation
Download Presentation
ENHANCING THE EFFECTIVENESS OF THE FINANCIAL SUPERVISORY SYSTEM OF VIETNAM

Loading in 2 Seconds...

play fullscreen
1 / 15

ENHANCING THE EFFECTIVENESS OF THE FINANCIAL SUPERVISORY SYSTEM OF VIETNAM - PowerPoint PPT Presentation


  • 150 Views
  • Uploaded on

ENHANCING THE EFFECTIVENESS OF THE FINANCIAL SUPERVISORY SYSTEM OF VIETNAM. Pham Phan Dung General Director Banking and Financial Institutions Dept. Ministry of Finance, Vietnam. CONTENT. Part I: The necessity to improve the financial supervision system capacity in Vietnam

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'ENHANCING THE EFFECTIVENESS OF THE FINANCIAL SUPERVISORY SYSTEM OF VIETNAM' - beata


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
enhancing the effectiveness of the financial supervisory system of vietnam

ENHANCING THE EFFECTIVENESS OF THE FINANCIAL SUPERVISORY SYSTEM OF VIETNAM

Pham Phan Dung

General Director

Banking and Financial Institutions Dept.

Ministry of Finance, Vietnam

International Conference on Enhancing the Effectiveness of Deposit Insurance Operation, Hanoi March, 2007

content
CONTENT

Part I: The necessity to improve the financial supervision system capacity in Vietnam

Part II: Orientation of determining the supervision model of the financial system in Vietnam

Part III: Roles and functions of DIV in the national financial supervision system

International Conference on Enhancing the Effectiveness of Deposit Insurance Operation, Hanoi March, 2007

content1
CONTENT

Part I: The necessity to improve the financial supervision system capacity in Vietnam

1.1 Introduction on the current supervision operation of the financial system in Vietnam

1.2 The fast moving financial market

1.3 Requirement of developing a market economy with Socialist orientation

1.4 The necessity to renovate supervision operation in accordance with international standards

International Conference on Enhancing the Effectiveness of Deposit Insurance Operation, Hanoi March, 2007

1 1 introduction on the current supervision operation of the financial system in vietnam
1.1 Introduction on the current supervision operation of the financial system in Vietnam
  • Supervision agency operates as policy maker and license issuer
  • A financial institution is subject to more than one supervision agency
  • Each supervision agency only functions in designated area
  • Lack of cooperation between supervision agency

Lack of transparency, less effectiveness on overall supervision and early warning, creating burden to financial institutions

International Conference on Enhancing the Effectiveness of Deposit Insurance Operation, Hanoi March, 2007

1 2 the fast moving financial market
1.2 The fast moving financial market
  • The Trend of mobilizing fund via financial market
  • Increase of systemic risk and effect to the national economy

International Conference on Enhancing the Effectiveness of Deposit Insurance Operation, Hanoi March, 2007

1 3 requirement of developing a market economy with socialist orientation
1.3 Requirement of developing a market economy with Socialist orientation
  • The commitment of the Government of Vietnam in the renovation process toward market economy
  • Renovating principles: State Management based on the law and regulation system. The economy develop under market disciplines
  • Continuing and unique policy: avoid overlapping, clear cut between responsibility of policy maker and supervisory function

International Conference on Enhancing the Effectiveness of Deposit Insurance Operation, Hanoi March, 2007

1 4 the necessity to renovate supervision operation in accordance with international standards
1.4 The necessity to renovate supervision operation in accordance with international standards
  • The effectiveness of consolidate supervision system
  • The trend of establishing consolidate supervision system in economic transformed countries and countries effected by the financial crisis

International Conference on Enhancing the Effectiveness of Deposit Insurance Operation, Hanoi March, 2007

contents
Contents

Part II: Orientation of determining the supervision model of the financial system in Vietnam

2.1 Government Orientation

2.2 Types of financial supervision agency

2.3 Determine mandate and function of financial supervision agencies in Vietnam

International Conference on Enhancing the Effectiveness of Deposit Insurance Operation, Hanoi March, 2007

2 1 government orientation
2.1 Government Orientation
  • Enhancing the effectiveness of financial market supervision, focus on the interaction between the monetary market and capital market
  • Set up an appropriate supervisory mechanism
  • Establish a general financial market supervision agency

International Conference on Enhancing the Effectiveness of Deposit Insurance Operation, Hanoi March, 2007

2 2 types of financial supervision agencies

Centralized model:

Japan

Korea

U.K

Diversified model:

China

Australia

2.2 Types of financial supervision agencies

International Conference on Enhancing the Effectiveness of Deposit Insurance Operation, Hanoi March, 2007

slide11

2.3 Determine mandate and function of financial supervision agencies in Vietnam

Mandate

&

Function

Objectives

1- Maintain the stability and sustainable development of the financial market

2- Protect the interest of market players

Issuing license

Determine process & Standards

Supervision and examination

Enforcement of violations and claims settlement

Maintain the stability of financial market

International Conference on Enhancing the Effectiveness of Deposit Insurance Operation, Hanoi March, 2007

contents1
CONTENTS

Part III Roles and functions of DIV in the national financial supervision system

3.1 Function and position of DIV in the financial supervision system

3.2 Comments on the development of DIV

International Conference on Enhancing the Effectiveness of Deposit Insurance Operation, Hanoi March, 2007

3 1 roles and functions of div in the national financial supervision system
3.1 Roles and functions of DIV in the national financial supervision system
  • DIV is a component of the financial market and national financial supervision system
  • Right to carry out examination of DIV
  • Right to carry out supervision of DIV
  • Mobilizing fund for claim payment

International Conference on Enhancing the Effectiveness of Deposit Insurance Operation, Hanoi March, 2007

3 2 comment on strategic development of div
3.2 Comment on strategic development of DIV
  • DIV to clearly determine the role and function in the national supervision system
  • Propose the Government to formulate the Law on Deposit Insurance
  • Improve the organizational structure, human resource and financial capacity
  • Diversify services and products, modernizing operation

Best protect depositors, contribute to maintain the stability of the financial system in accordance with international standards

International Conference on Enhancing the Effectiveness of Deposit Insurance Operation, Hanoi March, 2007

thank you

Thank You !

PhamPhanDung@mof.gov.vn

International Conference on Enhancing the Effectiveness of Deposit Insurance Operation, Hanoi March, 2007