#Law on Credit Institutions

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Lawmakers discuss measures to ensure banking system safety, support digital economy

Lawmakers discuss measures to ensure banking system safety, support digital economy

The draft law sets out provisions to control conflicts of interest when commercial banks act as agents managing collateral for corporate bonds. In this regard, Deputy Le Van The of Ninh Binh province said he supported the move, noting that it could provide a more professional approach to collateral management and help strengthen investor confidence if properly regulated.

Banks banned from disclosing client information

Banks banned from disclosing client information

The Government has issued Decree 117/2018 directing local credit institutions and branches of foreign banks to ensure that information remains confidential about their clients, and only provide information in line with the 2010 Law on Credit Institutions and relevant legal documents, reported news website VnEconomy.