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| Overview of the National Assembly discussion session on the afternoon of November 23. |
Chairman Vu Hong Thanh said that compared to the draft law submitted to the National Assembly at the 5th Session, many contents have been studied, absorbed and revised by the agencies in the draft law. After being absorbed and revised, the draft law consists of 15 chapters and 203 articles. Specifically, two chapters and 8 articles have been increased, of which 158 articles have been revised and revised compared to the draft law submitted to the National Assembly at the 5th Session.
The review and improvement were carried out carefully and thoroughly, closely following the guidelines and policies stated in the Resolution of the 13th National Congress of the Party and the Resolution of the National Assembly. Among them, the task is to continue to improve the legal framework on bad debt handling, end cross-ownership; promote the application of science and technology, especially digital technology in the banking sector and develop modern banking products and services.
Continue to strengthen the financial capacity, management and credit quality of credit institutions and people's credit funds to ensure safe, effective, stable and sustainable operations. At the same time, create changes in the management of credit institutions, increase the resilience of credit institutions to external shocks.
Solutions are considered on the basis of enhancing the self-responsibility of credit institutions, ensuring compliance with market principles, international practices, ensuring the consistency of the legal system and the feasibility of regulations.
Regarding some main contents, accept, revise and supplement 1 chapter on policy banks with 11 articles. At the same time, to create a clear legal basis and favorable conditions for the operation and development of policy banks, it is recommended that the Government study and develop a separate law on policy banks.
Based on the Government's proposal in report No. 612/BC-CP, the regulations related to limiting manipulation and control of credit institutions have been revised, including adjusting the regulations on related persons to suit the type of people's credit funds; adjusting the share ownership ratio for individual shareholders to 5% (instead of 3% as in the draft law submitted to the National Assembly at the 5th Session).
At the same time, the roadmap is to gradually reduce the credit limit to 10% of equity for a customer and 15% of equity for customers and related parties within 5 years to minimize the impact. Supplement and complete many contents related to finance, accounting, and reporting of credit institutions.
Regarding risk provisions (Clause 2, Article 147), accepting the opinions of National Assembly deputies, it is revised to "The classification of assets, the level of risk provisions, the method of risk provisions and the use of provisions to handle risks in operations are prescribed by the Government", instead of the Governor of the State Bank as prescribed in the draft law submitted to the National Assembly at the 5th Session.
According to Chairman Vu Hong Thanh, the National Assembly Standing Committee finds that this is a very difficult, complicated, sensitive draft law related to national financial security, the security and safety of the credit institution system, and has a profound impact on socio-economic activities.
Given the very important role of the Law on Credit Institutions (amended) in the national financial system, the quality of the draft law is a top priority.
Therefore, it requires careful and careful research based on science and practice to avoid cases where the law, after being promulgated, has shortcomings that will cause many impacts, especially on the security and safety of the banking system and socio-economic activities.
Therefore, the Chairman of the Economic Committee said: "The National Assembly considered and did not pass this draft law at the 6th session but will consider and pass it at the next session."
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