The central bank plans to regulate the affiliated transaction behavior of the financial holding company

The picture shows the head office of the People's Bank of China. Xinhua News Agency

The reporter learned from the People's Bank of China on the 30th that in order to promote the steady operation of the financial holding company, the People's Bank of China drafted the "Measures for the Management of Related Transactions of the Financial Holdings Company (Draft for Soliciting Opinions)" and publicly solicited opinions from the society.

According to relevant people from the People's Bank of China, regulating affiliated transactions is the key to improving the internal control and risk management of financial holding companies. As the parent company of the financial holding company, the financial holding company must carry out related transaction management at this level to guide and urge the affiliated institutions to meet the corresponding affiliated transaction supervision regulations. The Group's external affiliated transactions and their risk exposure collects summary, monitoring, analysis, and evaluation and early warning to promote the standardized operation and stable operation of financial holding groups.

The reporter learned that the solicitation draft determined the scope of the related parties of the financial holding company at this level. From multiple dimensions, divided the related transaction categories, classified the specific requirements of related related transaction management, strengthened the report and disclosure requirements, etc. Related transaction management provides guidance and basis.

In addition, the comments draft has also set up corresponding transition periods. The financial holding company improves various systems and governance structures within one year from the date of implementation of the measures, implements relevant requirements in an orderly manner, and ensures compliance management compliance management compliance of related affiliated transactions. Essence (Reporter Wu Yu)

[Editor in charge: Jiao Peng]

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