Chinanews.com, January 15th. According to the website of the China Banking and Insurance Regulatory Commission, the General Office of the China Banking Regulatory Commission and the General Office of the People's Bank of China have recently jointly issued the "Notice on Regulating Commercial Banks to Conduct Personal Deposit Business Through the Internet" (hereinafter referred to as the "Notice") , It is proposed that commercial banks shall not conduct fixed deposit and fixed-activation deposit business through non-self-operated online platforms.
The "Notice" clarified the following: First, standardize business operations.
The "Notice" requires commercial banks to conduct deposit business through the Internet in compliance with laws and regulations, and must not use the Internet or other means to violate or circumvent regulatory regulations.
Commercial banks are not allowed to conduct fixed deposit and fixed-activation deposit business through non-self-operated online platforms.
The second is to strengthen risk management.
Commercial banks should strengthen business risk assessment and monitoring, strengthen asset and liability management and liquidity risk management, and reasonably control liability costs.
Local legal person banks must stick to their development positioning and base themselves on serving customers in the regions where they have established institutions.
The third is to strengthen consumer protection.
Commercial banks should strengthen sales management and network security protection to conduct deposit business through the Internet, and effectively protect the legitimate rights and interests of financial consumers.
The fourth is strict supervision and management.
Supervisory departments at all levels must increase their supervision, and take supervisory measures or impose administrative penalties on violations of laws and regulations.
The issuance and implementation of the "Notice" is conducive to the compliant and stable operation of commercial banks, and is of positive significance for making up for system shortcomings and preventing financial risks.
In the next step, the China Banking and Insurance Regulatory Commission and the People's Bank of China will strengthen supervision and guidance, do a good job in the implementation of the "Notice", and promote the standardized development of Internet channel deposit business by commercial banks.