ACB completed BASEL III and ILAAP, consolidating risk management capacity

(HCMC) - Asia Commercial Joint Stock Bank (ACB) officially completed the implementation of key contents of ILAAP and Basel III standards - one of the standards with high requirements on capital and liquidity risk management. With this success, ACB continues to raise the bar of the standard set of risk management.

Previously, ACB was one of the banks that completed 3 pillars of Basel II early. By 2022, ACB's liquidity risk management and capital adequacy will be confirmed to meet Basel III standards after a review from independent consultant KPMG shows that ACB has complied with all key components. weaknesses in the liquidity management framework and capital adequacy under Basel III. Besides, from practical experience, ACB has developed a complete set of regulations related to ILAAP practice process, liquidity risk management policy, capital mobilization strategy, and maintenance policy. liquidity buffers, highly liquid asset management and liquidity contingency plans that are asymptotically advanced to world-class standards.

During the past 30 years of development, ACB has always focused on consolidating risk management capabilities, especially in terms of liquidity risk as well as overall risk management of the bank through the capital adequacy index. The completion of Basel III and ILAAP helps ACB improve its resilience to systemic risks, handle the financial crisis, as well as allow ACB to flexibly adjust and optimize its capital raising plan when needed. proactively plan to respond in terms of liquidity risk.