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    Regulatory high pressure 914 tickets issued to the banking industry during the year

    2019-03-14 01:21:34

    Beijing Business DailyMeng Fanxia Song Yitong Wu Jun

    The strong supervision of the banking industry is still continuing. According to the Beijing Business Daily reporter's incomplete statistics, since the beginning of 2019, the banking insurance institutions at all levels have disclosed more than 900 tickets, and the total amount of fines has reached about 220 million yuan. The object of punishment covers almost all banking financial institutions, and the scope of punishment covers financial management, credit, interbank, bills, and illegal use of funds. Analysts believe that the strong supervision of the financial industry will continue in 2019. For banks, how to strengthen risk perception and establish their own business processes is also a problem worthy of facing.

     914 tickets fined no more than 220 million yuan

    According to the incomplete statistics of the Beijing Business Daily reporter, since the beginning of 2019, the banking insurance institutions at all levels have disclosed a total of 914 tickets, with a total penalty of 220 million yuan.

    Specific to each month, in January 2019, the banking insurance institutions at all levels issued a total of 169 million yuan, a total of 697 tickets, with an average of 22 issued. Among them, the local banking regulatory bureaus disclosed a total of 134 tickets and a fine of 51.236 million yuan; the banking supervision bureaus disclosed a total of 563 tickets and a fine of 118 million yuan. The cumulative number of tickets has set a record high in a single month in recent years. From the point of view of the penalty personnel, a total of 403 related personnel were fined, of which 310 were warned and 24 were forbidden to work in the banking industry for life.

    In February 2019, the regulatory penalties were slowed down. Banks of insurance supervision at all levels disclosed a total of 166 banking fines, with a total penalty of 33.481 million yuan. Among them, the Bank of China Insurance Regulatory Bureau disclosed a total of 45 tickets, and the amount of fines and penalties reached 12.921 million yuan; each bank supervisory bureau disclosed a total of 121 tickets and a fine of 20.56 million yuan. Judging from the punishment personnel, a total of 101 related personnel were punished, and 6 of them were sentenced to “top penalty” for life-long ban.

    From March 1st to 12th, 2019, the banking insurance institutions at all levels disclosed a total of 51 banking penalties, with a total fine of 18.06 million yuan. Among them, the Yin Insurance Regulatory Bureau disclosed a total of 13 fines and a fine of 12.41 million yuan; the banking supervision bureaus disclosed a total of 38 fines and a fine of 5.65 million yuan.

    Millions of fines are frequently seen

    Among the 914 tickets issued by the various levels of banking insurance institutions, there are also a few million-level fines. From the point of view of the punishment, the regulatory penalties cover almost all banking financial institutions, including state-owned banks, joint-stock banks, and cities. Business banks, foreign banks, and rural financial institutions. The scope of punishment involves financial management, credit, inter-banking, bills, illegal use of funds, etc., among which the chaos of peers is still prohibited.

    Statistics show that in January 2019, the fine for 30 tickets was more than one million yuan. On January 24, Jinhua Banking Supervision Bureau issued a super-million-dollar fine for Chouzhou Bank. The bank was fined 6.1 million yuan for failing to accurately measure risks, accruing capital and provisioning. This is also the single banking fine for the first silver insurance system over 20 million yuan since 2019.

    In February, among the banking industry's fines disclosed by the banking insurance institutions at all levels, there were 6 million-yuan fines, of which 5 were for more than 1 million yuan and 1 for 2 million yuan, which was approved by Linyi Banking Supervision and Inspection Bureau. The Bank of Agriculture and Commercial Bank of China and its relevant person in charge issued the bank’s over-provisioned loans and partial loan funds for the use of real estate enterprises to pay land transfer fees, etc., and the Linyi Banking Supervision and Inspection Bureau was fined 2 million yuan.

    From March 1st to 12th, 2019, among the banking industry's fines disclosed by the banking insurance institutions at all levels, there were 4 million-yuan fines, including the largest single bank fines issued by the silver insurance system so far this year. On March 1, Tianjin Bank Insurance Regulatory Bureau issued a fine for Tianjin Bank (Hong Kong stocks 01,078). The bank was fined 6.6 million yuan for misleading sales of its interbank wealth management products and unfinished disclosure of interbank wealth management products. The largest single bank ticket issued by the supervisory system.

    “For business development, small and medium-sized banks borrow funds from their peers in the case of insufficient funds to obtain rapid development opportunities. However, if the inter-bank business exceeds a certain proportion, it shows that the bank may be unstable.” School of Economics and Management, University of Science and Technology Beijing Liu Cheng, a professor of the Department of Financial Engineering, believes that “therefore, supervision should regulate the inter-bank business, establish uniform indicators, and stipulate the total amount of the industry, and at the same time impose penalties on the illegal use of inter-bank business.”

    Risk awareness should be strengthened

    The Central Economic Work Conference and the National Association for the Financial Industry still give the tone of “preventing the resolution of financial risks”. Looking forward to 2019, strong supervision continues. Liu Cheng further pointed out that for banks, it is necessary to strengthen risk perception and establish a correct risk culture. In addition, it is necessary to establish its own business processes, while at the same time serious risk awareness and risk discipline. For the regulatory authorities, it is necessary to strengthen risk education, reach regulatory consensus with banks, and establish regulatory authority to clarify which actions can be done by banks and which cannot be done.

    Wang Hongying, dean of the China (Hong Kong) Financial Derivatives Investment Research Institute, also said that from the bank's own compliance and risk control requirements, it is necessary to comply with the compliance requirements of business personnel, and not to relax the control of internal control because of the pursuit of efficiency. There is a constraint on the overall bank position setting and risk compliance level. This is a point that commercial banks should pay attention to. The overall operating principles of commercial banks mainly include three criteria: safety, liquidity and efficiency. Non-compliant business vulnerabilities pose potential risks to the liquidity of commercial banks, especially small and medium-sized banks. Regulation should constrain these violations so that the entire finance is relatively safe, stable, and better able to serve the real economy in the context of deleveraging, rather than so-called idle arbitrage between banks.

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    Editor in charge: Fu Jianqing RF13564

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