Continuing the 5th session, on the afternoon of June 5, the National Assembly conducted a group discussion on the Law on Credit Institutions (amended).
Commenting on the draft Law, delegate Nguyen Hai Nam (Thua Thien - Hue delegation) highly appreciated the positive contributions of the banking industry to the economy, however, the damage or loss of the banking industry. Item is not small.
According to Mr. Nam, the banking industry is a special enterprise, because banks must meet modern and high-level management such as the principle of publicity, transparency, independence and objectivity.
Compared with the current Law, the draft Law adjusts the share ownership ratio of individual shareholders, institutional shareholders, shareholders and related persons of that shareholder, respectively, from not more than 5 %, 15%, 20% down to 3%, 10% and 15%.
Delegate Nguyen Hai Nam commented at the group discussion (Photo: Pham Thang).
Representative Nam said that this is an effort when amending the Law on Credit Institutions. “This reduction is to reduce the dominance of major shareholders in banking activities. Further analysis, large shareholders often implicitly link and dominate banking activities, if using stronger language, it is manipulation", Mr. Nam stated.
According to Mr. Nam, there is also a cross-ownership between banks and financial companies, even "circumvention" of both the ownership rate and the credit limit for a business object.
The delegate said that it is necessary to clearly assess the status of share ownership at credit institutions to clearly determine the extent and causes of cross-ownership in order to propose radical and thorough solutions and handle them. current status of cross-ownership.
"Cross-ownership in banks is a hindrance to the competitiveness of banks, as well as to the healthy development of the banking system," said Mr. better deal with this situation.
“In the Vietnamese banking market, if you look at a bank, you will see the shadow of a business behind. But these businesses all operate in the field of real estate, ”Mr. Nam added.
Since then, to limit cross-ownership in credit institutions, delegate Nguyen Hai Nam said that it is necessary to strengthen the responsibilities of State management agencies, inspection and supervision agencies in the banking sector.
"I think that the people have entrusted it, the State management agencies need to perform all their responsibilities to keep the banking system clean and the economic system sustainable," the delegate emphasized. strong.
Delegate Dang Ngoc Huy (Photo: Pham Thang).
Similarly, delegate Dang Ngoc Huy (Quang Ngai delegation) said that cross-ownership has not been completely resolved, but the Law on Credit Institutions has not yet set forth regulations to prevent cross-ownership.
Besides, according to Mr. Huy, a number of banks were put under special control, including 3 banks with 0 dong and 2 weak banks. In which, 3 banks with 0 dong offered a transfer plan, some banks were willing to accept it, but the settlement process was very slow.
Mr. Huy also pointed out practical lessons from a number of banks in the US and Switzerland. When it is difficult, they allow bankruptcy or merger, but the State does not intervene. From there, he suggested the drafting agency to research, for banks subject to special monitoring and control, to apply international practices, to avoid the deep involvement of the State..
