Trang Chủ
Attaching an importance to it, the DIV has organized the Conference on the implementation of the Bidding Package DG # 1 "Supply, installation and integration of systems of information technology and communications for the advanced operational process of the DIV" in collaboration with the FPT Information System (FIS) Company. This package is under the Financial Sector Modernization and Information Management System (FSMIMS) Project – the DIV component, composing of different modules: (1) Technical Module, (2) Reporting and Document Management Module, (3) Human Resource Management Module, (4) Accounting and ERP Module; (5) Information Management Module, (6) Processing Module, (7) Finance Module and (8) Risk Monitoring Module. Of which, Risk Monitoring Module requires the most resources and time; while its completion shall determine the success of the Project and in reality, an important task of the DIV in 2015 and 2016. Risk Monitoring Module is the integration of sub-modules: (i) Risk Analysis and Ratings; (ii) Premium Calculation; (iii) On-site Examination; (iv) System Verification; (v) Certification; and (vi) Contact with Depositors. Concretely, Risk Analysis and Ratings is the most important and complicated sub-module of the whole system and it has been developed under the trend of centralized monitoring and dispersed examination.
In recent years, there are many changes in risk monitoring practices being made by supervisory authorities such as the State Bank of Vietnam, the National Financial Supervisory Commission and the DIV. Particularly, the SBV has issued regulations on banking operation safety and internationally. These new regulations have applied to departments and agencies of the State Bank of Vietnam and credit institutions, foreign bank’s branches… The DIV has issued the instruction on supervision of commercial banks and the instruction on credit fund system and microfinance institutions. IN fact, most of the supervisory authorities are using CAMELS-based supervision methods in order to serve the building of off-site supervision system and on-site inspection/ examination.
In the context of integration, supervision activities of insured institutions should turns a new and more effective mechanism system, especially for large-sized commercial banks that have great impacts to the banking system. Eventually,
- Supervision activities for insured institutions should be shifted from the current compliance supervision regime to risk surveillance system. It is necessary to use a combination of multiple supervision models such as growth supervision, statistics based supervision; early warning model….
- Large financial conglomerates will be inevitably established in Vietnam thanks to economic integration process. It is necessary to make a comprehensive supervision – meaning supervision for all units and agencies belonging to parent companies in order to ensure safety, stability in capacity, quantity and quality of conglomerates. Comprehensive supervision focuses on internal risks in financial groups and their units.
It is economic integration that promotes the development of the banking system in Vietnam, creating opportunities for it to improve competition capacity. The banking system in Vietnam in its turn confronts with risks as consequences of market competition, trade liberalization and investment flows. Therefore supervisory agencies are required to update further information on risks and are capable of quickly responding to and deal with threats to stability of the banking system.
For the long-term goal of financial stability, it is needed to improve risk supervision regime for insured institutions in effective manner. Thus, in order to successfully implement modules, especially Risk Monitoring Module, it is necessary to have the best coordination among components in the cooperation model; while to use effectively the recommended results of Nomura Consulting Agency. In addition, the DIV should have objective evaluation of both positive and negative aspects of the current supervision regime, especially in the condition that the conclusion reports on on-site inspection/ examination lack important information of quality of loans and investments, cross-ownership…, aiming to building effective risk supervision.
