KPMG co-organises a seminar on Base II implementation with the State Bank

The seminar objective is KPMG’s support to the SBV sharing the view of a central bank to regulate and supervise the implementation of Basel II in Vietnam and also the support to local commercial banks in implementing their Basel II projects that complies with the requirements of the SBV and Basel Committee on Banking Supervision.

Deputy Governor Nguyen Phuoc Thanh chaired the seminar with a persuasive opening speech on banking reform and Basel II implementation in Vietnam while KPMG’s advisory managing partner John Ditty followed by a comment on KPMG’s commitment to support the regulators and banking sector on implementing Basel II and strengthening risk management.

The seminar attracted senior management representatives from the State Bank of Vietnam, SBV’s Basel II implementation Steering Committee and Working Group, top management from 10 Basel II commercial banks and representatives from diverse other local commercial banks.

The seminar’s key speaker was Craig Davis, advisory partner from KPMG Australia and head of ASEAN financial risk management practice.

Davis is a recognised leader in Treasury processes, Liquidity, Market Risk, Capital Management and Balance Sheet Management. Prior to joining KPMG, Davis worked for the Australian banking regulator, the Australian Prudential Regulation Authority (APRA), where he led regulatory reviews of “Big 4” banks balance sheet management, capital management plans and market risk processes.

Davis has also met with senior officials from the SBV and several local banks to reinforce KPMG’s commitment to working with the government, regulators and sector participants on banking reform.

KPMG Limited is a member firm of the KPMG, a global network of professional firms providing audit, tax and advisory services operating in over 155 countries with more than 155,000 professionals working in member firms around the world.