Cross-banking ownership: ‘Everyone knows and recognizes it, but it’s very difficult to name and show face
Delegate Trinh Xuan An (Doan Dong Nai) said that the anti-cross-ownership regulation in the revised draft Law on Credit Institutions introduced this time is not strong.
National Assembly member Trinh Xuan An.
Discussing the revised Law on Credit Institutions, delegate Trinh Xuan An (Doan Dong Nai) said that: Before events such as the recent massive capital withdrawal at a bank, or in the United States, despite having a system. Even though the bank is strong, there is still a chance of bankruptcy, breakdown, etc., it is recommended that the law take measures to prevent the risk of system breakdown.
“Cross-ownership must be stopped, not restricted, cross-ownership is known and recognized by everyone, but it is very difficult to name it. If we assess cross-ownership, we can now see that there is a loophole in our credit system. This is really a difficult problem,” said Mr. An
According to Mr. An, the regulation on ending cross-ownership in the revised draft Law on Credit Institutions introduced this time is not strong.
“This is passive, ending cross-ownership must be public and transparent, organizations and individuals involved in this matter. Reset the banking-related supervisory model,” suggested Mr. An.
In order to have an incident like people withdrawing money massively at a bank recently, it is directly related to the inspection of the banking sector. But the revised Law on Credit Institutions this time only has 1 regulation, we think that there should be a whole chapter on this issue and need an independent agency model.
Delegate Nguyen Hai Trung – Lieutenant General, Director of City Police. Hanoi said that: The interests of the banking group have been causing concerns and risks to the safety of the system. Although the draft revised Law on Credit Institutions has provisions to limit this situation. However, there is currently a group of large shareholders with or without names in the Board of Directors, the Board of Management and controlling positions still occur, taking a long time for investigation.
Relating to banking-related fraud, in which subjects use fake information and documents, open bank accounts, hire to open accounts, resell accounts to law-breakers, The Director of Hanoi Public Security suggested that regulations should be legislated, in which there should be a requirement that credit institutions have a technological background in customer identification and ensure legitimacy.
“When a crime occurs, the police force must quickly track the cash flow and block the account. However, the current regulations do not meet the requirement of timely prevention. After defrauding the money, the object transferred the money very quickly, so the amount recovered was very small,” said the Director of Hanoi Public Security.
According to Mr. Trung from this practice, the regulation on providing customer account information for investigation needs to be shortened.
BAC A BANK international credit card: Exclusive offers, premium refund
With a limit of up to 1 billion VND, the promotion program “Open a privilege card – Peace of mind” of Bac A Commercial Joint Stock Bank (BAC A BANK) is applied to customers who open a combined credit card. Participating in life insurance is gradually attracting the attention of customers.
BAC A BANK said that from May 15 to September 15, 2023, individual customers opening or owning a BAC A BANK MasterCard international credit card and participating in Dai’s life insurance products- ichi or MB Ageas Life (MBAL) will receive a discount of up to 20% of the cost (up to VND 50 million) depending on the card type and the actual premium collected into the current account opened at this bank. .
The promotion program “Open a privilege card – Peace of mind” gives customers a variety of choices. The program applies to both BAC A BANK MasterCard Rewards Gold and BAC A BANK MasterCard Cashback Platinum international credit cards.
Customers also have many methods of premium payment for the most convenient financial balance: payment via international credit card BAC A BANK at the bank’s POS; cash payment at the counter or transfer to Dai-ichi or MBAL’s specialized collection account opened at BAC A BANK.
As long as the conditions of the program are satisfied, no matter which payment method the customer chooses, they will be entitled to a refund. In terms of insurance products, customers can also easily find a plan that best suits their needs such as “Single Peace of Mind” and Dai-ichi’s complementary products or “Standing for the Future” and other products. supplementary product of MBAL.
In addition, this program becomes even more attractive if customers join many insurance policies under one credit card, they will be charged promotional gifts for all policies. The gift level will be calculated on each customer’s insurance policy, not including the insurance premiums of the policies to convert the gift level.
In addition, customers using BAC A BANK international credit cards can still enjoy other programs such as cashback, redeeming points, which are available. Specifically, the BAC A BANK MasterCard Rewards Gold credit card line has the feature of unlimited points accumulation and gift redemption.
Customers who pay through this card will accumulate bonus points corresponding to their spending value and enjoy separate mechanisms in each period such as multiplying bonus points 3 times on birthdays, multiplying 2 times on holidays. In addition, bonus points will be multiplied 5 times when customers use payment cards at TH truemart system nationwide. From these points, the buyer can convert to a voucher or refund the next year’s annual fee.
The privileges of the BAC A BANK MasterCard Cashback Platinum card are equally attractive such as a direct 20% discount (up to VND 350,000) at the Golden Gate restaurant chain (including Hutong, iSushi, Cowboy Jack’s Saloon, Daruma, Gogi systems) House…), global travel insurance worth 11.5 billion VND. In addition, with a discount rate of 5% for online payment transactions and 0.3% for other methods, BAC A BANK MasterCard Cashback Platinum cardholders benefit from a cashback offer of up to VND6 million per year.