The risks from cross-ownership in the banking and financial system over the years were evident in the recent case of the Sai Gon Joint Stock Commercial Bank (SCB) / Van Thinh Phat Group. Economist Nguyen Tri Hieu told Tap chi Kinh te Viet Nam / VnEconomy that in order to limit cross-ownership and manipulation at banks, many regulations have been tightened in the amended Law on Credit Institutions passed by the National Assembly on January 18. However, there remain concerns between regulation and enforcement, for example tightening regulations on share ownership ratios and credit limits can only be controlled formally. To effectively enforce the Law, it is important that cross-supervision by regulators and legal compliance by related parties be applied, as banks in the US have done.