Prime Minister Phuc presents the third-class Labour Order to the National Financial Supervisory Committee. (Source: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has asked the NationalFinancial Supervisory Committee to coordinate with competent ministries andagencies to give proposals to the Government and the PM on major economicissues, especially those regarding the macro economy and financial marketsupervision.
Addressinga ceremony marking the 10th anniversary of the committee in Hanoi on March 6,PM Phuc said the committee should focus on analysing the situation,particularly potential risks to the financial market, and activities of the banking,stock, insurance and real estate markets.
Heurged the committee to propose suitable policies and solutions, including riskidentification tools and criteria assessing the safety of the financial system,given the fact that many countries in the world have effectively applied theearly warning system of risks to the financial market.
Thecommittee was also asked to join hands with relevant ministries and agencies tocomplete the legal foundation for financial and banking groups, as well as mechanismsmonitoring the groups.
Apartfrom enhancing international cooperation, the committee needs to organise anumber of conferences and seminars with the participation of both domestic andforeign experts to discuss important and urgent matters of the nation, theleader said.
Atthe ceremony, PM Phuc presented the third-class Labour Order to the committeeand certificates of merits to a number of leaders and officials of thecommittee.
TruongVan Phuc, Chairman of the committee, said that over the past ten years, thecommittee has developed a synchronous database on the financial market,covering the banking, stock and insurance sectors, and a data system on themacro economy.
Thecommittee has also researched and applied international principles, standardsand practices on risk identification, assessment and prevention, he said. -VNA
VNA
