On January 19, 2026, the State Bank of Vietnam (SBV), in cooperation with the Asian Development Bank (ADB), held the opening ceremony of the training course entitled “Supervisory Review and Evaluation Process (SREP): Assessing Banks’ Internal Governance and Risk Management Systems” for SBV officials. The event was attended by Deputy Governor Pham Quang Dzung, who delivered the opening remarks.
Overview of the training course
In his opening speech, Deputy Governor Pham Quang Dzung emphasized that the course is not merely a training activity, but an important component of the SBV’s overall roadmap for implementing the Supervisory Review and Evaluation Process (SREP) in line with Basel standards. This initiative demonstrates the strong commitment of the SBV’s leadership to comprehensively reform and modernize supervisory and inspection activities.
Deputy Governor Pham Quang Dzung delivers his opening remarks
According to the SBV Deputy Governor, the training course would provide participants with practical knowledge and skills to assess banks’ internal governance and risk management systems through the review and evaluation of key aspects, including (i) Organizational structures, operational frameworks, and decision-making processes, as well as the supervisory roles of the Boards of Directors, the Executive Boards, and relevant committees and councils; (ii) The development of risk culture, risk reporting mechanisms, and risk data aggregation; and (iii) Practical examples of common shortcomings and the potential consequences of weak internal governance and risk management.
Mr. Peter Rosenkranz, Senior Financial Sector Specialist at the ADB, noted that internal governance and risk management are central pillars of the project and essential foundations for safe and sound banking operations. He emphasized that insights shared by experienced experts would enable SBV officials not only to strengthen their theoretical understanding, but also to apply the knowledge independently and effectively in practice, even after the project’s completion. In the coming period, the ADB reaffirmed its commitment to supporting the SBV in implementing SREP, enhancing data-driven supervision, and applying Basel standards.
Mr. Peter Rosenkranz, ADB Senior Financial Sector Specialist
Following the opening session, Mr. Federico Pierobon, Representative of the European Central Bank (ECB), delivered a presentation on internal governance and risk management within the ECB’s SREP framework. The training course recorded active participation and constructive discussions between the trainees and the experts, contributing to its overall effectiveness.
Mr. Federico Pierobon, Representative of the ECB, exchanges views at the training course