CBRC Builds Financial Risk Firewall For Banks

< p > recently, the CBRC issued the notice on improving matters related to the organization and management system of bank financing business (Yin Jianfa [2014] 35) (hereinafter referred to as the notice), requiring banks to set up special financial management business departments, to calculate accounts independently, and complete the reform of financial services business system by the end of September this year. < /p >
< p > at the same time, the circular defines the financial business risk isolation system from five aspects, including the source of financial resources independent of bank credit, the separate account opened by self operated business and the valet business, the separation of the financial products of the third party financial institutions and the bank's affiliation, the separation of financial products, the separation of financial operations and other business operations of banks. < /p >
The industry analysts who interviewed by the economic reference daily (P) pointed out that the corresponding system standard is intended to resolve the large number of liquidity mismatches existing in the bank's financial management business, and at the same time, clearly limit the way of capital operation of financial management business. Bank financing business needs to move from the shadow banking to the sunshine, and truly return to the role of asset management. < /p >
< p > up to the end of 2014 5, more than 400 banking financial institutions in the country shared 50918 financial products, and the balance of financial resources was 13 trillion and 970 billion yuan. < /p >
< p > "in the past, financial products raised a lot of investors' capital, but the investment destination was hard to control and the risk was difficult to control." He Qing, deputy director of the Department of monetary and financial affairs, School of Finance and finance, Renmin University of China. In order to meet the revenue of financial products, banks earn high profits by establishing financial pools of financial products, and recycling new products and old products. < /p >
< p > "because a href=" http:// www.91se91.com/news/index_c.asp "> financial products < /a > has always been part of off balance sheet business and is not included in the business accounting of the table. On the face of it, banks have plenty of capital and sound operation, but once there are problems, the default or loss of financial products will directly damage bank profits and cause difficulties in the liquidity of the banking system. He Qing pointed out. < /p >
< p > Ma Xutian, deputy general manager of the industrial and commercial bank's asset management department, believes that the bank's development of financial services actually increased the market direct financing channels, provided an alternative source of capital for the financing entities, and also provided new investment methods for investors. However, after the rapid development of the bank's financial experience, it is undeniable that there are still some problems. In addition to building a risk prevention and control system, banks should also explore the risk provision mechanism for financial services. < /p >
< < p > < < a href= > http:// > www.91se91.com/news/index_c.asp > > Sales > /a > specification, the circular stipulates that "the sales activities of banks in developing financial business shall strictly distinguish between general personal customers, high net asset value clients and private bank customers in accordance with the principle of risk matching, and conduct classified management of the sale of financial products. For ordinary personal customers, banks can only provide them with low risk and profitable financial products, such as money market and fixed income. Banks can provide all kinds of risk rating products after they have carried out a full risk assessment of high net asset value customers and private banking customers. At the same time, it also suggested that "financial products that contain rigid contents should not be introduced." < /p >
< p > generally speaking, the banking industry generally believes that at present, the transformation of a href= "http:// www.91se91.com/news/index_c.asp" > financial market < /a > has entered a window period. The direction of transformation includes the transformation from the mismatch structure to the entrusted asset management business structure, the transformation from departmental operation to the operation of fund and corporatization, and the transformation from expected revenue products to net value innovation products. Yang Zaibin, assistant general manager of Shanghai Pudong Development Bank financial market department, said. < /p >
"P" Ma further analysis further pointed out that "banks should identify their own positions according to their own professional and resource advantages. At the same time, we should speed up the reform of the Ministry of enterprises, make unified centralized management, set up professional teams and establish independent accounting system in product management. In the future, the bank financing business will go to the sunshine from shadow banking. We can not build a balance sheet outside the table, and do financial management through credit expansion. We should really return to capital management and manage asset management with market-oriented investment philosophy. < /p >