Risk.net

Vietnamese central bank guilty for Incombank losses

News

The State Bank of Vietnam was to blame for $5.4 million in foreign exchange trading losses at the state-run Industrial and Commercial Bank of Vietnam (Incombank) last year, according to local government inspectors.

The government report, posted on the official Vietnam News Agency website, found the central bank's lack of proper regulation on interbank foreign currency trading led to losses incurred by Incombank. The audit says the central bank had failed to tighten supervision of the interban

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: