Addressing the workshop, Mr. Simon Kreye, Deputy Head of Mission of German Embassy Hanoi, emphasized the importance of the healthy operation of credit institutions and of the financial system in the economy. The collection of experts' opinions is extremely meaningful to the examination of the bill, he said.
Speakers at the workshop were experts from University of Bristol – Prof. Klaus Schaeck and Dr. Ho Quoc Tuan besides two Vietnamese economists from the National Financial Advisory Committee - Dr. Vu Nhu Thang and Dr. Le Xuan Nghia. The four experts discussed the topics that the National Assembly delegates are discussing:
- The role of governments and central banks in the banking system, the neccessity of early intervention and risk management
- Bank supervisions models and corporate governance of banks
- Related people and financial institutions supervision
- Anti-abusing the rights of major shareholders to manipulate the operation of credit institutions
According to experts, Vietnam should:
- Apply macro-prudential regulation to avoid systematic crisis instead of attaching to micro-prudential one which just ensure healthy operation of single banks.
- Disclose information of all members of the Board of Directors, including shareholders owning 1%. However, not all information needs to be communicated to the public to avoid unnecessary panic.
- Strengthen its banking inspection force, who must be fully trained (especially in data management and analysis), have “sufficient” salary and empowered to detect and handle problems at early stage.
