China Banking and Insurance Regulatory Commission: Since 2016, the number of people accountable for regulatory negligence has increased significantly
China News Service, Beijing, December 9th (Reporter Wang Enbo) The China Banking and Insurance Regulatory Commission stated on the 9th that since 2016, the China Banking and Insurance Regulatory Commission has accounted for 24 party organizations and 871 supervisory personnel on the issue of regulatory negligence.
The number of accountable persons has shown an obvious upward trend, continuing to signal that supervision and accountability have become stricter.
Among them, 29 person-times, 104 person-times, 109 person-times, 74 person-times, and 171 person-times were accountable for each year from 2016 to 2020, and 384 person-times were accountable in the first 10 months of 2021, which is 2.24 times that of 2020.
In terms of accountability subjects and targets, a total of 5 provincial party committees, 17 divisions, and banking and insurance regulatory sub-bureaus were held accountable; among the accountable supervisors, 39 were bureau-level cadres, 302 were division-level cadres, section-level and There are 530 cadres below.
In terms of accountability and reasons, 277 people were held accountable for irregularities in administrative licensing, 209 people were held accountable for off-site supervision, and 96 people were held accountable for violations of administrative penalties.
The China Banking and Insurance Regulatory Commission stated that it highlights the political attributes of accountability and is ineffective in implementing the CPC Central Committee’s policies on financial work and in advancing regulatory undertakings. It is supporting financial services to the real economy, preventing and defusing financial risks, and promoting the reform and development of the banking and insurance industry. Party organizations and cadres who do not act, act indiscriminately, act slowly, and act in a false way shall be held accountable seriously.
In recent years, the China Banking and Insurance Regulatory Commission has undertaken a heavier financial risk handling task. In order to ensure the prevention and resolution of major financial risks, the accountability work of party committees at all levels adheres to collective decisions and is carried out cautiously, objectively and impartially on the basis of accurate and comprehensive verification. Defining responsibilities not only ensures that negligence must be accounted for, but also prevents accountability from generalization and handling abnormalities, and resolutely eliminates the risk of handling risks due to improper accountability.
The China Banking and Insurance Regulatory Commission also introduced that it accurately uses accountability methods such as interviews, notifications, admonitions, organization and disciplinary actions, and focuses on the operation of regulatory powers in administrative licensing, regulatory ratings, on-site inspections, off-site supervision and administrative punishments, and urges Supervisory cadres act strictly in accordance with the law, uphold public powers, and strictly investigate non-compliance, illegal administration, abuse of power and other omissions and abuses.
Organize and carry out a special clean-up of irregularities in administrative penalties, and implement "double responsibilities and double pursuit" for impunity, abuse of discretion, violation of penal procedures, and improper execution of penalties.
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