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His visit coincides with indications that the State Bank of Vietnam (SBV) will request several local banks to commence planning for Basel II implementation. Basel II is concerned with ensuring banks have sufficient capital to cover all the risks of the bank in the event they occur.
He will meet with senior SBV officials and several key KPMG local banking clients to reinforce KPMG’s commitment to working with the government, regulators and sector participants on banking reform.
Topping is a globally recognised leader in banking regulation, having spent 30 years with the Bank of England and the Hong Kong Monetary Authority (HKMA).
As executive director (Banking Policy) at the HKMA, he was the leader of the Basel II programme for Hong Kong. He is particularly noted for his involvement in the HKMA policy development of Basel regulations.
Throughout his career, Topping has worked with numerous regulators across Asia developing country-tailored Basel frameworks. Most recently he has advised China and Indonesia on their Basel programmes, as well as several major banks in those countries.