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Offsite Supervision: Enhancing Effectiveness in Lao PDR

The mission reviewed IP and RAS documents for one commercial bank and one foreign branch in Lao PDR, highlighting progress made but also noting areas that require improvement.

Progress and Areas for Improvement

While the banks have made significant strides in implementing offsite supervision practices, some streamlining is needed along with additional practice and coaching to ensure comprehensive and efficient supervision.

Recommendations

Implement Revised RAS and IP Format

• Implement the revised Risk Assessment System (RAS) and Internal Processes (IP) formats for all banks starting from 2019:3Q.

Evaluate and Supervise Multiple Branches as a Group

• Evaluate and supervise multiple branches of the same bank as a group, preparing one IP, one RAS, and one Report on X-branch (ROX).

Data Quality and Performance Ranges

Enhance Liquidity Indicators

• Enhance liquidity indicators presented in RAS by clarifying the calculation of total net open position in FX to capital ratio.

Review Total NOP Calculation

• Review the calculation of Total Net Open Position (NOP) to ensure it is harmonized with the Financial Soundness Indicator (FSI).

Systemic Report

Improve Data Presentation

• Present prudential and risk ratios clearer by institution type and time period.
• Present some data in table format rather than narrative text.

Include Additional Indicators

• Include additional important indicators of institutional and systemic liquidity, such as liquid assets and short-term liabilities.

These recommendations aim to improve the quality and effectiveness of offsite supervision in Lao PDR, ensuring that banks are supervised comprehensively and efficiently.