basel iii and its implications for banks in vietnam

Basel III and its implications for banks in Vietnam

Partner of Consulting and Financial Services Vo Quoc Khanh and director of Consulting and Financial Services Nguyen Huy Cuong, from EY Consulting Vietnam, delve into the notable updates of Basel III compared to Basel II, and its impacts on bank operations.
vietnams lng power projects face regulatory hurdles despite high hopes

Vietnam’s LNG power projects face regulatory hurdles despite high hopes

Vietnam's liquified natural gas (LNG) power projects, hailed as potential baseline power sources with quick startup capacity, continue to confront significant challenges amidst efforts to expedite their progress.
nam a bank completes risk management following basel iii standards

Nam A Bank completes risk management following Basel III standards

On October 12, Ho Chi Minh City’s commercial lender Nam A Bank announced the completion of risk management standards according to Basel III under the accompaniment and advice of KPMG.
lenders more likely to endeavour to apply basel iii

Lenders more likely to endeavour to apply Basel III

More Vietnamese financial institutions are adopting international practices, particularly Basel III standards, to enhance a solid financial buffer, aid resilience, and prepare for global competition.
which banks lead international risk management standards

Which banks lead international risk management standards?

Besides Basel II, many banks have also applied Basel III and IFRS 9. These international standards help banks improve risk management and competitiveness compared with their peers, which also contributes to the effective and sustainable development of the credit institution system.
banks to soon complete basel iii international standards

Banks to soon complete Basel III international standards

Though there are currently no regulations that require the application of Basel III international banking standards, some banks have pioneered the implementation of the norms and are expected to complete the work soon.
moodys upgrades seabanks baseline credit assessment

Moody’s upgrades SeABank’s baseline credit assessment

Moody’s has upgraded the Baseline Credit Assessment for SeABank from B2 to B1, while also maintaining SeABank’s long-term deposit and issuer ratings at B1 for the fourth consecutive year, with a positive outlook.
basel iii the journey continues in vietnam

Basel III - the journey continues in Vietnam

In recent years, the banking system has experienced many strong transformation trends such as digital transformation, process automation, and strong investments in information technology. Alongside with these innovations, banks have also devoted considerable resources to enhancing the risk management foundation towards leading practices. In Vietnam, some pioneering banks have proactively piloted Basel III and Basel IV standards in order to stay competitive and ensure a sustainable growth.
hdbank completes three pillars of basel ii ahead of deadline

HDBank completes three pillars of Basel II ahead of deadline

Ho Chi Minh City-based commercial lender HDBank (HSX: HDB) has deployed the internal capital adequacy assessment process under pillar 2 of the Basel Committee on Banking Supervision, reaching the full implementation of the three pillars of Basel II in light of Circular No.41/2016/TT-NHNN and Circular No.13/2010/TT-NHNN of the central bank ahead of the deadline.
biden wins in arizona wisconsin certified further cementing trump loss

Biden wins in Arizona, Wisconsin certified, further cementing Trump loss

President-elect Joe Biden's victories in Arizona and Wisconsin were certified on Monday, further cementing his win even as Donald Trump continues to make baseless claims of vote fraud.
shinhan bank vietnam complets three pillars of basel ii

Shinhan Bank Vietnam complets three pillars of Basel II

Shinhan Bank Vietnam has officially announced its application of Pillar 2 of Basel II on its internal capital adequacy, as prescribed in Circular No.13/2018/TT-NHNN of the State Bank of Vietnam (SBV).
pandemic derails banks capital hike plans

Pandemic derails banks’ capital hike plans

Banks are facing major challenges to carry out their capital increase plans this year due to the impacts of the COVID-19 pandemic.
fitch downgrades outlook on vietcombank vietinbank acb mb and anz

Fitch downgrades outlook on Vietcombank, VietinBank, ACB, MB, and ANZ

Credit ratings provider Fitch Ratings has downgraded its outlook on four local and one foreign bank in Vietnam – Vietcombank, VietinBank, MB, ACB, and ANZ.
moodys downgrade may dampen basel ii efforts

Moody’s downgrade may dampen Basel II efforts

Global ratings agency Moody’s last week dealt a fresh blow to Vietnam’s financial sector by downgrading the outlook of 18 banks to reflect disquiet among investors, following the agency’s confirmation a few days earlier of Vietnam’s Ba3 sovereign rating.
seabank allowed to apply basel ii before deadline

SeABank allowed to apply Basel II before deadline

On October 29, 2019 in Hanoi, Southeast Asia Commercial Joint Stock Bank (SeABank) was officially recognised by the State Bank of Vietnam to have met the minimum capital adequacy ratio in accordance with Basel II international standards.