Bank and insurance industry fit international trend to prevent trans risk conduction

Economic observation Network reporter Liao Ying correspondent Huayan November 26, for the CBRC issued the "Commercial Bank investment insurance company Equity pilot management measures", Uibe Insurance college Dean Wang Yu said that commercial banks are allowed to invest in insurance companies fit the international trend of financial mixed operation, enriched the capital of the insurance industry,　　Expanded the sales channels for insurance. The CBRC will release the financial mixed operation in succession "this way out too late, mixed operation has become the trend of international finance, has been looking forward to the introduction of China's relevant regulations, this accord with the international trend of financial mixed business."　　"Wang Yu said," The CBRC issued the "management measures" is the regulatory commission after the release of follow-up action. This year, the CIRC amended the Insurance law to allow insurance companies to investment banks, but the relevant details have not yet been announced.　　After the CIRC released, the insurance company began the journey of the acquisition of banks, Ping an bought Shenzhen bank set up Ping An bank, and Shenzhen Development Bank contact to seek cooperation; The latest published "Management Measures", mainly to standardize and guide the current commercial Bank investment insurance company Equity pilot work, further promote the deep cooperation of the Bank to promote the comprehensive strength of banking and international competitiveness.　　"Management measures" emphasizes the principle of "controllable risk", and focuses on preventing the possible risk trans transmission in the pilot process, avoiding the emergence of systemic risk. The investment of commercial Bank expands the capital of insurance company it is reported that this year, small and medium-sized insurance companies to the "money" of the desire for more and more strong, and the increase in capital and the issue of secondary debt into small and medium-sized insurance companies favored by the two major channels According to incomplete statistics, Chinese and foreign insurance companies in the second half of this year has set off a new round of capital increase and share surge.　　Since July, with the approval of the CIRC, the Chinese and foreign insurance companies with capital increase and expansion have reached nearly 20, and the total capital increase has been close to tens of billions of dollars. Wang stability analysis that the insurance companies this year to increase frequently and issue subordinated debt is the performance of insufficient capital solvency. But the commercial bank invests the insurance company, effectively expands the insurance capital, enhances the insurance company's solvency.　　It also expands the sales channels of insurance companies. At the same time, Uibe Insurance College professor Wang Guojun analysis that the commercial Bank investment insurance companies for consumers, reduce the risk and transaction costs; for financial institutions, the joint production of bank insurance companies to participate in international competition strength, changed the past and the International Consortium of Comparative disadvantage;　　　　The efficiency of monetary policy on macroeconomic regulation will be further improved. Financial mixed operation should avoid risk conduction in fact, while the insurance company buys the bank, the phenomenon of the bank's insurance business is also long-standing.　　China Construction Bank has the happiness insurance, also will carry out the insurance business, the Chinese bank in the joint-venture form set up the bank to insure. "How to adapt to the increasingly mixed trend between financial institutions and establish more effective surveillanceManagement mechanism to control financial risks will face more challenges. "Gonghui, director of the financial market room of the Institute of Finance, suggested that the act of holding shares between banks and insurance companies and the various types of financial products issued by each other should be the subject of focused regulation in order to avoid the risk of transmission and transmission."　　In the concrete operation, he suggested that the commercial bank should take equity in the commercial bank to stipulate.　　In this regard, the "management measures" has required the board of commercial banks to establish and improve the "firewall" system to ensure that banks and insurance companies in the business areas, business decision-making, personnel, finance, information systems and other aspects of effective isolation.　　Wang Guojun that the system design of "management measures" embodies the concept of "firewall", but in the construction of "firewall", the biggest difficulty at present is lack of experience.　　Wang Guojun The practical operation of "firewall", we should change from system control to technical control, build financial information platform and promote transparency of company information disclosure. (This article is launched by the Economic Observation network and Sina Financial cooperation)