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VN, S Korea sign financial supervision deal

Update: June, 09/2016 - 09:30
Việt Nam’s National Financial Supervisory Commission (NFSC) and the Republic of Korea’s Financial Services Commission (FSC) on Tuesday signed a Memorandum of Understanding on co-operation in financial supervision.— Photo enternews.vn

HCM CITY (VNS) — Việt Nam’s National Financial Supervisory Commission (NFSC) and the Republic of Korea’s Financial Services Commission (FSC) on Tuesday signed a Memorandum of Understanding on co-operation in financial supervision.

Under the MoU, the two sides will focus on sharing experiences related to financial institutions under the supervision of the two commissions, including their financial supervision models and operation mechanisms, in line with the regulations and laws of each country.

The two commissions will also increase the exchange of information on financial supervision activities and financial institutions in accordance with the regulations in each country.

They also agreed to cooperate in personnel training, technical support and research.

Experts said the MoU will lay the foundation for bilateral cooperation in perfecting the organisation model and operation mechanism of each side. — VNS

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