Recently, Chengdu Branch of Shanghai Pudong Development Bank was fined 462 million yuan by the regulatory authorities for covering up non-performing loans, which was the first fine of 100 million yuan in 20 18. Since last year, the regulatory authorities have repeatedly issued huge fines to the banks involved, highlighting their determination to strengthen bank supervision.
It was verified that Chengdu Branch of Shanghai Pudong Development Bank covered up non-performing loans, and illegally handled credit, interbank, wealth management, letters of credit and factoring business by fabricating false purposes, splitting credit, ultra vires approval, etc., and granted credit of 77.5 billion yuan to 1493 shell enterprises. Therefore, Sichuan Banking Regulatory Bureau fined 462 million yuan to Pudong Development Chengdu Branch and 500,000 yuan to Wang Bing, former president of Pudong Development Chengdu Branch, who was banned for life.
The industry believes that the regulatory authorities have issued a huge fine to Shanghai Pudong Development Bank, which has important shocking significance. From the perspective of preventing and controlling financial risks, the work of rectifying banking chaos will continue to deepen in the future.
The Notice on Further Deepening the Regulation of Banking Market Chaos issued by China Banking Regulatory Commission on June 65438+1October 13 pointed out that the regulation of banking market chaos is long-term, complex and arduous, and it is the key task of normalization of banking reform, development and supervision at present and in the future.
A local branch of Shanghai Pudong Development Bank has issued more than 70 billion "major cases", the root cause of which is non-performing loans. To put it simply, before the loan client enterprise A paid the money, the bank found a shell company B to buy A, and paid B the interest on the loan. So the left and right hands kept covering up non-performing loans.
Xi Yang Jun, director of the Department of International Finance at Shanghai University of Finance and Economics, believes that this incident has also revealed that some banks have unilaterally pursued the ultra-high-speed development of business scale in recent years, and there are many problems in internal control, compliance and inspection, which leads to a weak awareness of compliance, which in turn leads to a series of risks.
In fact, in view of the chaos in the banking industry, this super ticket is not a case, and the amount is not the largest. Since last year, the regulatory authorities have "frequently shown their swords". For example, Guangfa Bank received a huge fine of 722 million yuan for violating the guarantee; Zhengzhou Branch of Industrial Bank was fined 65.438+0.3 billion yuan for engaging in investment business in violation of state regulations and seriously violating prudent business rules, and the person directly responsible was given a warning and fined; Hengfeng bank was fined 17 yuan1600 million for violating laws and regulations, including changing shareholders who hold more than 5% of the total capital or shares, failing to report to the CBRC for approval as required, providing false statistical statements, and investing too much wealth management funds in non-standard creditor assets.
"It is normal for banks to have bad debts during their operations, but they should be handled in a compliant and reasonable manner. This incident exposed that banks tried to avoid covering up through' technical means', delaying risks rather than eliminating risks, and finally they could only quench their thirst by drinking poison. " Yan said.
Zhao, a senior researcher at the Financial Research Center of Bank of Communications, believes that in order to achieve long-term stability of the banking industry, it is necessary to eliminate the institutional mechanism of chaos. At the same time, the behavior of employees is the foundation of risk management. Strengthening accountability and raising the cost of employees' violation can make employees more self-disciplined.
A banking industry insider also said that the mechanisms of shareholder management, corporate governance and risk prevention and control in China's banking industry are still relatively weak, and employee violations also occur from time to time. Only by improving corporate governance and strengthening accountability can these problems be fundamentally solved.