VCN – Deputy Prime Minister Vuong Dinh Hue assigned Ministry of Finance to continue to direct State Security Commission of Vietnam and related authorities and units, market members to monitor and supervise strictly the operation of the derivative market.
|Strictly supervise the performance of the derivatives market. Source: Internet|
Deputy Prime Minister highly appreciated and praised Ministry of Finance, State Security Commission of Vietnam on positive results after 2 months deploying derivative market. Ministry of Finance and State Security Commission of Vietnam continues to perform well the propaganda on the achievements, roles, and potentials of Vietnam’s stock market and economy in general.
Furthermore, the Ministry of Finance shall continue to direct the State Securities Commission of Vietnam and related agencies, units and market members to closely monitor and supervise the operation of the derivative market; To reviews and finalizes the legal framework at the highest level applied by international practice, ensures to avoiding errors and technical errors in transactions that could cause unsafely and instability to the derivative market; To sums up the operation of the derivative market in securities market activities report and reports it to the Government at regular monthly meeting in accordance with regulations.
The Deputy Prime Minister assigned the State Bank of Vietnam to preside and coordinate with Ministry of Finance and related agencies to research and evaluate comprehensively the participation of commercial banks in the derivative market as the risk prevention tool to ensure the safety of banking operations and meet the requirements of system, human resources, risk management, financial capacity ... in accordance with the practice, international standard and current law.
By Hương Dịu/Thanh Thuy