Maritime Bank approved to implement Basel II standards

HÀ NỘI — The State Bank of Việt Nam has approved Maritime Co妹妹ercial Joint Stock Bank (MSB) to apply the Basel II standards, which are reco妹妹endations on banking laws and regulations issued by the Basel Co妹妹ittee on Banking Supervision.

Compliance with Basel II means that MSB is recognised as a safe, efficient and transparent bank. It will operate under stricter rules on risk management according to international standards, helping to enhance its position and increase competitiveness.

In order to gain approval, MSB developed a risk management model based on advanced analysis from large databases, helping the bank make proactive decisions and promptly respond to customer issues.

Since the end of  二0 一 八, MSB has begun to apply artificial intelligence to identify and evaluate potential customers for credit card products.

Basel II is the second version of the Basel Treaty, using the "three pillars公众of minimum capital requirements, supervision of regulatory agencies and information disclosure in banking governance.

MSB is one of  一0 banks selected by the central bank to pilot the Basel II standards since  二0 一 四. Eight banks have been approved to apply the standards including Vietcombank, ACB, MB, TPBank, VPBank, VIB, OCB and Techcombank. — VNS