The CBRC issued a pilot scheme on the shareholding of Commercial Bank investment insurance Companies

CBRC issued "Commercial Bank investment insurance company Equity pilot management measures" in order to steadily promote the commercial Bank investment insurance company shares pilot work, promote the deep cooperation between the Bank, further improve the service level, enhance the comprehensive strength of the banking industry and international competitiveness, with the relevant regulatory departments, recently, the CBRC issued the　　Commercial Bank Investment insurance company stock right pilot management method (hereinafter referred to as "method"). With the approval of the State Council, January 16, 2008, the CBRC and the Insurance Commission signed the memorandum of understanding on strengthening the deep cooperation and trans supervision of bank and insurance, which expressly stipulates that commercial banks and insurers, on the premise of complying with relevant national regulations and effectively isolating risks, according to the principles of marketization and equality and mutual benefit, Can carry out mutual investment pilot.　　The introduction of the method is a further advance of the relevant work on the basis of the MOU, which will play an important guiding role in standardizing and guiding the current commercial Bank's investment in the stock right pilot work. The method is divided into five chapters and 26 articles, and puts forward specific standards for the admission conditions, application procedures, risk control and supervision and management of the pilot institutions, and makes relevant regulations. The main content can be summed up in the following four aspects: first, in corporate governance, highlighting the ultimate responsibility of the Board of Directors. The Board of Commercial banks is responsible for establishing and perfecting the "firewall" system to ensure the effective isolation of banks and insurance companies in the areas of business, decision-making, personnel, finance and information systems, and the Bank board shall have personnel familiar with the operation and risk management of the insurance business and a Non-executive director responsible for firewall supervision and management Second, in view of the associated transaction risk, in addition to requiring the bank board of directors to make clear that a Non-executive director is responsible for the supervision and management of related transactions, it is stipulated that the insurance companies and their affiliated enterprises, as well as the clients that they guarantee, shall not provide any form of credit to the outside of the The insurance company buys the bank shareholder various kinds of securities the behavior to have the explicit stipulation. Third, in the context of the table management, commercial banks are required to manage the investment insurance companies, and in the calculation of capital adequacy ratio, the investment insurance company's capital investment from the bank capital of the full deduction. Forth, in the aspect of business cooperation, commercial banks should follow the fair Trading principle of the market and should not have unfair competition behavior when they cooperate with the insurance companies, and stipulate that the sales staff of the insurance company shall not conduct marketing in their parent bank business area.　　, the insurance certificate and promotional materials printed by the Commercial Bank's shares shall not use the name and all kinds of logos of its shareholder bank.　　The relevant head of the CBRC said that the pilot work on commercial bank investment in insurance companies would help to promote the sharing of banking and insurance resources, and help to better meet the growing demand of diversified financial services for consumers. After the release of the "method", the CBRC will, in accordance with the "risk-controllable" principle, effectively strengthen supervision and coordination with the relevant regulatory departments, prevent the risk trans transmission in the pilot process and avoid the emergence of systemic risk.