SBV, SSC Join Hands to Manage Stock Market Risks
The State Bank of Vietnam (SBV) and the State Securities Commission (SSC) have worked out measures to join hands in managing risks on the local stock market.
Accordingly, the two agencies will regularly exchange information about foreign investment flows on both official and unofficial markets, about repos, mortgages and lending for securities trading activities of commercial banks.
The SBV will coordinate with the SSC and Ministry of Finance to issue policies on foreign currency and interest rate.
SBV and SSC will cooperate to supervise transactions of commercial banks, the announcements, auditing, and administration of companies in accordance with the Law on Securities.
The SSC said the Vietnamese Government will likely delay expansion of foreign ownership in listed companies. (Vietnam Economic Times)
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