Financial risks

The new draft Circular of the SBV is designed to establish a legal basis for information collection, supervision, and control of risks related to the close and non-transparent linkage between parent companies (banks) and subsidiaries. Photo: SBV.

SBV wants to tighten management of bank subsidiaries, real estate risk scanning, insurance

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The new draft Circular will legalize the process of identifying, assessing, preventing system risks, and expanding the scope of data collection beyond the banking industry.