China Banking and Insurance Regulatory Commission: Promote the establishment of a financial stability guarantee fund as soon as possible to accumulate back-up funds for major risk disposal
2022-03-26 14:34:01Source: People’s Daily Online
“In the next step, the China Banking and Insurance Regulatory Commission will speed up the research and improvement of relevant regulations and mechanisms, promote the establishment of a financial stability guarantee fund as soon as possible, and save a reserve fund for the disposal of major risks.” The spokesperson of the China Banking and Insurance Regulatory Commission said in an answer to a reporter’s question today.
According to the spokesperson of the China Banking and Insurance Regulatory Commission, at present, my country’s financial industry is running generally stable, financial risks are in a trend of convergence, and important phased results have been achieved in the battle to prevent and resolve major financial risks. The risks and challenges are still relatively large, and the disposal of financial risks has entered a stage of normalization. It is necessary to take precautionary measures and prepare resource reserves to defuse risks. Internationally, the establishment of a financial stability guarantee fund is a common practice in countries to deal with financial risks. It is necessary to learn from international experience and based on my country’s actual conditions, establish a financial stability guarantee fund, and improve the financial stability guarantee system with Chinese characteristics.
“Relevant work is being studied and advanced, and preliminary consideration is that the financial stability guarantee fund is used for the disposal of major risks with systemic hidden dangers, and the deposit insurance and industry guarantee funds that play a role in routine risk disposal are all indispensable parts of my country’s financial safety net. , and take it from the market and use it in the market, differentiate between different industries and different entities and implement differentiated charges to balance risks, benefits and responsibilities, and avoid losses to the interests of the country and taxpayers.” The person in charge said.Reporter Luo Zhizhi