Vietnam, Italy bolster financial supervisory cooperation

During the visit from October 22-26, the delegation met with Senior Deputy Governor of the Bank of Italy Salvatore Rossi, along with officials of agencies under the Italian Securities and Exchange Commission, and the Ministry of Economy and Finances.

It also paid a courtesy visit to Senator Pier Ferdinando Casini, Chairman of the Italian Senate Foreign Affairs Committee.

The two sides shared experiences in financial institutions in the scope of each country’s supervisory agencies, supervisory measures and co-ordinating mechanisms in internal agencies and with others in financial security networks.

They also agreed to enhance ties in activities of both financial supervision and financial institutions while increasing information exchange about bank and stock market supervision.

Additionally, the two sides decided to boost human resources training and technical support in financial supervisory activities and research on issues of mutual concern.

Italian officials also shared experiences in public debts management and public budget balance with their Vietnamese counterparts, along with measures to stabilise financial and currency markets in crisis and fiscal policies of the European Union, among others.

For his part, Casini stressed that the bilateral relationship has been thriving, vowing to enhance cooperation of the two countries’ agencies in various fields.