Original title: 400 million yuan in fines in the first quarter Banking risk control leaks
Source: Beijing Business Daily
In 2021, the supervision will still maintain a high pressure on the banking industry. On April 5, according to incomplete statistics from reporters of Beijing Business Daily, in the first quarter of this year, the Bank Insurance Regulatory Commission, the Bank Insurance Regulatory Bureau and the Bank Insurance Regulatory Sub bureau targeted commercial banks, policy banks, rural credit cooperatives and other institutions and individuals within their jurisdiction, with a total amount of fines and confiscations exceeding 400 million yuan (subject to the release time of fines statistics), The amount of tickets was much higher than that of the same period last year. The frequently exposed cases of business violations and financial violations also reflect the problems of imperfect internal systems and weak supervision of some domestic financial institutions.
Implementation of "double punishment system"
"Heavy punishment" has become the key word of banking supervision this year. On April 5, according to incomplete statistics by reporters of Beijing Business Daily, in the first quarter of this year, the Bank Insurance Regulatory Commission, the Bank Insurance Regulatory Bureau and the Bank Insurance Regulatory Sub bureau fined and confiscated more than 400 million yuan against state-owned banks, joint-stock banks, urban and rural commercial banks, village banks, policy banks, rural credit cooperatives and other institutions and individuals within their jurisdiction.
In January this year, the amount of fines issued by the regulator to banks was the highest. In January, the banking and insurance supervision system published 258 tickets, with a total penalty amount of 276.4832 million yuan: of which, the banking and insurance supervision commission issued 5 tickets, with a total penalty amount of 153.7 million yuan; The Bank Insurance Regulatory Bureau issued 97 tickets, with a total penalty amount of 56.5042 million yuan; The Banking and Insurance Regulatory Bureau issued 156 tickets, with a total penalty amount of 66.279 million yuan. The number and amount of tickets in January were the highest in the first quarter.
In February, the regulatory punishment on the banking industry slowed down slightly. The CBRC did not publicize the tickets, and the local CBRC bureaus issued a total of 30 tickets, with a total penalty amount of 21.35 million yuan; The Banking and Insurance Regulatory Bureau issued 60 tickets, with a total penalty amount of 18.985 million yuan.
In March, the regulatory punishment was strengthened again. The CBRC issued a large ticket of 4.5 million yuan, and the CBRC confiscated a total of 33.05 million yuan, with 46 tickets issued; The Banking and Insurance Regulatory Bureau issued 75 tickets, with a total penalty of 36.52 million yuan.
In addition, from the perspective of individual tickets, in the first quarter, the supervision also implemented the "double punishment system", and increased the accountability system for individuals. In the first quarter, 143 people were fined, with a total amount of fines and confiscations of 9.395 million yuan, 411 people were warned, 16 people were disqualified from being senior executives, and 40 people were given the "top line punishment" of lifetime prohibition from working in the banking industry.
Compared with the fine amount of 247 million yuan in the first quarter of 2020, the fine amount in the first quarter of 2021 shows an overall upward trend. Tao Jin, deputy director of the Macroeconomic Research Center of Suning Institute of Finance, predicted in an interview with the Beijing Business Daily that it would be more necessary to strengthen the scale of credit and investment orientation for precise adjustment under the condition that the aggregate policy would not expand. Recently, the Central Bank has also held several meetings to mention strengthening the guidance on credit, This will further enhance the supervision of commercial banks' credit behavior and risk control. In addition, financial stability has become a more important policy objective of the central bank, and the intensity of capital supervision on commercial banks will also increase. In this context, if commercial banks do not conduct more prudent operations and more detailed risk control, the possibility of triggering regulatory penalty standards will continue to grow. Therefore, on the whole, under the condition of strengthened supervision, the number of bank tickets is still likely to continue to increase in the future.
Frequent violations of credit and housing
Resolving financial risks has always been the eternal theme of regulation. The reporter of Beijing Business Daily noticed that since this year, compared with the past, large ticket with a price of more than one million yuan has been more common, and the ticket with a price of ten million yuan is also common.
Through sorting out, in the first quarter of this year, there were 38 tickets at the level of more than one million yuan, 4 tickets at the level of ten million yuan, 9 tickets at the level of two million to eight million yuan, and 25 tickets at the level of one million to two million yuan.
From the cause of punishment, it can be seen that the suspected illegal issuance of loans and misappropriation of credit funds are still "severely affected areas", and housing related violations have also become the focus of the regulatory crackdown. For example, at the beginning of January this year, the China Development Bank was fined 48.8 million yuan by the CBRC for 24 violations, including "providing financing for illegal government purchase service projects, issuing land reserve loans in a disguised form, and transferring non-performing credit assets in batches to entities other than asset management companies".
It is understood that this ticket is a punishment made by the regulatory authority against the bank's major cases accumulated from 2015 to 2018. After being punished, the National Development Bank responded that "it has taken a series of rectification measures against such problems as providing financing for illegal government purchases of service projects, illegally collecting loan commitment fees for small and micro enterprises, and seriously held responsible persons accountable in accordance with laws and regulations".
The violations of urban and rural commercial banks are also prominent. Among the nine tickets of 2 million to 8 million yuan, Ouhai Rural Commercial Bank also has credit violations and housing related violations. The specific reasons for the violations are "credit funds flow into the stock market in violation of regulations; credit funds flow into the real estate market in violation of regulations; working capital loans are used for fixed asset project construction; financial and accounting information is not true", etc, The bank was fined 2.45 million yuan by the Wenzhou Supervision Branch of the CBRC.
stay Everbright Bank According to Zhou Maohua, an analyst in the financial market, on the one hand, there is arbitrage space for loan business violations and housing related businesses; on the other hand, there are regulatory weaknesses or blind spots within domestic regulators and financial institutions. The violation of credit funds has damaged the interests of shareholders and investors. At the same time, the violation of capital related housing business is also likely to breed local financial risks, weaken the effect of macro-control policies, and damage the medium and long-term development potential of regional economy.
In other illegal acts, Zhangzhou Branch of Bank of Quanzhou was fined 1 million yuan for "failure in post loan management of working capital loans"; The reason why Fujian Straits Bank was fined 1 million yuan was that it "changed its registered capital without approval"; Minhou County Rural Credit Cooperative Union was fined 1 million yuan for poor management of personal loans before, during and after lending.
Zhou Maohua further pointed out that it can be predicted that the majority of financial institutions' violations of laws and regulations will be significantly reduced in the future; However, it has exposed frequent cases of business violations and financial violations, which also reflects that some of these domestic financial institutions' internal systems are not perfect, corporate governance is not perfect and there are shortcomings in supervision, and the quality of the relevant salesperson team needs to be improved. Due to the large number and complex business volume of domestic financial institutions, it is difficult to eradicate them in the short term; Supervision and governance have a long way to go.
In addition to the credit management and housing related tickets, the CBRC also publicized the Industrial and Commercial Bank of China A fine of 10 million yuan was issued, of which most of the violations were due to financial management business violations, and the bank was fined 54.7 million yuan due to financial management funds accepting the bank's self operated loans, closed financial products and other transactions to adjust income.
Strengthen internal risk control
The suspected illegal issuance of loans, misappropriation of credit funds and other illegal behaviors reflect the bank's behavior of ignoring risks in pursuit of high returns. Since 2021, the regulatory authorities in Beijing, Shanghai, Guangdong, Shenzhen and other places have all issued documents to eliminate the chaos of "business loans" and speculation in real estate, and prohibit illegal loan funds from flowing into the property market. It can be predicted that the future supervision will continue to be strict on the bank's housing related business, credit business, asset quality, etc.
Zhou Maohua believes that with the change of the domestic regulatory environment, opportunities and challenges coexist for banks. The main direction of the development of the domestic banking industry is to continuously improve the ability to serve the real economy, improve the quality of service, and small and medium-sized banks are responsible for the main business, deeply cultivate the regional market, and cultivate a multi-level banking system. In the short term, the banking industry needs to form joint forces, appropriately increase support in key areas such as weak links of the real economy and manufacturing, and promote balanced and sustainable development of the domestic economy. For small and medium-sized banks, it is necessary to speed up the clarification of equity structure, improve management system, improve internal governance, cultivate a corporate culture of conducting business in accordance with laws and regulations and operating steadily, adopt differentiated competition strategies, improve risk control and operating ability, and broaden financing channels.
As for the compliance development path of the banking industry, Tao Jin said, first of all, commercial banks should correctly understand the current policy direction and signal for credit guidance, strengthen the construction of internal risk control capacity from top to bottom, strictly implement the account and capital risk management before, during and after the loan, and give greater punishment to their own violations to form a strict system. Secondly, it is still necessary to develop more business scenarios to adapt to the new economy and tap the potential of more new businesses. Through these sustainable, promising and profitable businesses, commercial banks can gradually get rid of the binding to the real estate market and fundamentally avoid the risk of violations.
Beijing Business Daily reporter Meng Fanxia Song Yitong
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