Seven months after the listing of the CBRC, the agency's "three determinations" plan was finally officially announced.
On November 13, the China Organization Preparation Network announced《 Bank of China Provisions on the Function Allocation, Internal Organizations and Staffing of the Insurance Regulatory Commission (referred to as the "Three Determinations" Program).
According to the "Three Determinations" plan, the CBRC has 26 internal departments and another organ party committee (party committee publicity department). According to the reporter, some departments are reserved by the original departments, some departments are newly added, some departments are reserved and consolidated by the original departments, and some departments are consolidated after the original departments are split. Some of the original departments were also abolished in the institutional reform.
In general, the internal departments after the reform are more in line with the trend of comprehensive operation, more meet the needs of functional supervision, and also help to improve the professionalism and effectiveness of supervision.
The number of institutions of the CBRC is 925. There is one chairman, four vice chairmen, and 107 bureau level leaders (including one full-time deputy secretary of the party committee, one secretary of the discipline inspection commission, and one chief risk officer, one chief inspector, one chief lawyer, and one chief accountant).
Explain the internal organization in detail
According to the "Three Determinations" plan, the CBRC has 26 internal departments and another organ, the Party Committee (the Publicity Department of the Party Committee):
Reporters can roughly divide it into three categories:
[Category I: original departments retained and consolidated] - 8
The General Office (Party Committee Office), the Policy Research Bureau, the Law Department, the Consumer Protection Bureau, the Finance and Accounting Department, the International Department, the Personnel Department (Party Committee Organization Department), and the organ party committee (Party Committee Publicity Department) are all set up by the former CBRC and the former CIRC, which are retained and merged in the reform of the marine machinery industry.
It is worth pointing out that although these departments have the same department names in the original CBRC and the original CIRC, their functions are not completely the same. Therefore, in the institutional reform, it is not simple to merge "similar items", but also needs to carry out some functional integration.
For example, the Finance and Accounting Department also assumed the responsibility of the Solvency Supervision Department in the original CIRC. In addition to the financial management of the agency and the preparation of the annual financial budget and final accounts of the accounting system, it is also necessary to establish a solvency supervision index system of insurance companies and supervise the use of insurance guarantee funds.
[Category II: original departments reserved and set up separately] - 13
The specific professional business departments related to banking and insurance will be completely reserved and set up separately. These departments are:
The former CBRC has nine: Inclusive Finance Department, Innovation Business Supervision Department, Policy Banking Supervision Department, State owned Large Commercial Bank Supervision Department, National Joint Stock Commercial Bank Supervision Department, Urban Commercial Bank Supervision Department, Rural Small and Medium Financial Institutions Supervision Department, Trust Supervision Department, and Other Non bank Financial Institutions Supervision Department.
Among them, the Inclusive Finance Department has included the insurance industry's inclusive finance work; The Innovation Business Supervision Department has also been included in the supervision of insurance innovation business. It needs to coordinate the supervision of banking and insurance institutions' asset management business and other functions, provide guidance and support for the daily supervision of banking and insurance innovation business, and undertake the research of banking and insurance financial science and technology and other new business regulatory strategies.
The former CIRC has four: Property Insurance Supervision Department (Reinsurance Supervision Department), Life Insurance Supervision Department, Insurance Intermediary Supervision Department, and Insurance Fund Use Supervision Department.
[Category III: newly established or integrated after being split by the original department] - 6
1. Statistical Information and Risk Monitoring Department. Undertake the banking and insurance regulatory statistical system, the preparation and disclosure of regulatory statements, and the monitoring, analysis and early warning of industrial risks. Undertake information construction and information security as well as information technology risk supervision of banking and insurance institutions.
In terms of functions, this department integrates some functions of the former CBRC Prudential Regulation Bureau, the functions of the Banking Information Technology Supervision Department and the functions of the former CIRC Statistical Information Department.
2. Corporate Governance Supervision Department. To formulate regulatory rules on corporate governance of banking and insurance institutions. Coordinate the functional supervision of equity management and corporate governance. Guide banking and insurance institutions to strengthen equity management, standardize shareholder behavior and improve corporate governance structure.
This is a new department, integrating the functions of the former Development and Reform Department of the CIRC to "regulate the equity structure and corporate governance structure of insurance companies".
Some events in the capital market in recent years have fully confirmed the importance of corporate governance, equity management and shareholder behavior to banks and insurance institutions. Corporate governance is an anchor. If the anchor goes wrong, the development of the company will deviate from the course.
At the training forum for small and medium-sized banks and insurance companies, Guo Shuqing, Chairman of the Banking and Insurance Regulatory Commission, pointed out that establishing and improving a modern corporate governance mechanism with Chinese characteristics is the key task of deepening the reform of the banking and insurance industries at this stage, and is the main guarantee for preventing and resolving various financial risks and achieving the steady development of financial institutions.
3. Banking Organization Inspection Bureau. Draw up on-site inspection plan for banking institutions and organize its implementation. Undertake on-site inspection, project establishment, implementation and post evaluation. Put forward suggestions on rectification, supervision measures and administrative punishment.
4. Inspection Bureau of Non banking Institutions. Draw up on-site inspection plans for insurance, trust and other non bank financial institutions and organize their implementation. Undertake site inspection, project initiation, implementation and post evaluation. Put forward suggestions on rectification, supervision measures and administrative punishment.
The above two departments were formed after the function of the original CBRC on-site inspection bureau was split and incorporated into the inspection function of the insurance industry.
5. Bureau for Major Risk Events and Cases (Banking and Insurance Security Bureau). To formulate rules for the investigation of illegal cases of banking and insurance institutions. Organize and coordinate the investigation and handling of major and trans regional risk events and violations of laws and regulations in the banking and insurance industries. To guide and inspect the security work of banking and insurance institutions.
This department integrates some functions of the former CBRC Site Inspection Bureau, the former CIRC Inspection Bureau, and the functions of the former CBRC Banking Security Bureau (formerly located in the Office for Handling Illegal Fund Raising).
Different from the Inspection Bureau of Banking Institutions and the Inspection Bureau of Non banking Institutions, this department emphasizes the investigation and handling function of major and important cases. In recent years, the regulatory authorities have investigated and dealt with major and important cases, involving non-performing holding, bills, equity, bonds and other aspects, exposing the weak risk awareness and compliance awareness of banks and insurance institutions, and some system and mechanism problems have not been fundamentally solved.
It is self-evident that this sector is of great importance to the banking industry and the insurance industry in fighting against and resolving financial risks.
6. Bureau for Combating Illegal Financial Activities. Undertake the work of combating and banning the establishment of relevant illegal financial institutions without authorization or engaging in relevant legal financial business in disguised form. Undertake the identification, investigation and suppression of illegal fund-raising, as well as the coordination of relevant organizations. Transfer the case of illegal fund-raising to relevant departments. Carry out relevant publicity and education, policy interpretation and business guidance.
This department inherits the functions of the former CBRC Office for Handling Illegal Fund Raising, but has a broader scope of responsibilities.
Expectations after "three fixations": Ensure the integration of people, culture and feelings
The "Three Determinations" plan specifies that the main responsibilities of the CBRC include 15 articles, such as implementing unified supervision and management of the national banking and insurance industries according to law and regulations, maintaining the legitimate and stable operation of the banking and insurance industries, and exercising vertical leadership over its local offices; Carry out systematic research on the reform and opening up of the banking and insurance industries and the effectiveness of supervision, etc.
It is not easy to push forward any reform; Institutional reform involves the division of responsibilities and the adjustment of personnel arrangements, which is particularly difficult.
The CBRC held a teleconference on banking and insurance supervision on August 29, and Guo Shuqing, Chairman of the CBRC, attended the meeting and made a speech. After careful observation, it was found that the meeting put forward requirements for institutional reform.
Editor in charge: Yang Qun
